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Message From The Mayor

Cool And Green Initiative

Tight Schedule For Grants

Stamford Recreation Services

Ferguson Library Discussions

Museum And Nature Center

WPCA Solids Drying Project

Youth Services Bureau

Light Transit Route

Carbon Monoxide Poisioning

Police Join Project Lifesavers

Environmental Magnet School

Senior Center Happenings

Climate Change Policy

STAMFORD NEEDS TO INCREASE ITS SAFE DEBT LIMIT

 

Stamford has a robust capacity for debt based upon the City’s long term fiscal responsibility in the area of debt management; local economic strength, particularly with respect to the City’s grand list growth; and our historically low interest rates achieved in recent borrowings and refundings. Outstanding General Obligation debt on July 1, 2007 was approximately $448 million, including $400.5 million attributable to General Fund projects and $47.5 million attributable to projects in self-sustaining funds.

To meet the current capital needs of Stamford, we must issue $118.7 million in bonds for the 2007-08 fiscal year, including permanent financing of the $47 million in 2007 BANS and refunding of 1998 Bonds, which were rate locked in 2007 as well as $53 million in new bond funds. I also recommend that we allow for an additional $50 million in capital spending to be authorized in fiscal 2008-09 and for each of the following six years.

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Please contact the Citizen's Service Center for: Abandoned cars, potholes, recycling info, street flooding, zoning enforcement and other issues affecting your quality of life.

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