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Norwalk: The Capital Budget Gets On Slimfast


by turfgrrl


February 4th, 2008 · 7 Comments

Tom Hamilton sharpened his pencil and reduced the department requests to the capital budget. Below for your enjoyment:
(click the full post for the last two columns, some weird display problem here)





































DEPARTMENT		 REQUESTED
FINANCE FUNDING RECOMMENDATION
Police $32,000 $32,000
Fire $791,415 $590,000
Public Works $19,459,500 $11,606,000
Parking Authority $2,590,000 $1,500,000
WPCA $11,635,000 $11,635,000
Board of Education $1,221,566 $875,000
Recreation & Parks $2,911,000 $1,376,000
Library $340,000 $253,000
Historical Commission $334,000 $131,500
Redevelopment Agency $1,827,000 $630,000
Health Department $607,854 $238,000
Information Technology $728,735 $480,000
Gross Total $42,478,070 $29,346,500
Less Revenues $14,853,000 $17,763,000
Amount To Be Bonded $27,625,070 $11,583,500

source: The Hour, 2008-09 Capital Budget February 2, 2008

Tags: In the News · Norwalk

7 Responses so far ↓ “Norwalk: The Capital Budget Gets On Slimfast”



  • 1 anonymous // Feb 4, 2008 at 10:21 pm

    Why are the Parking Authority and the WPCA making capital requests? I thought they were their own profit centers with their own bonds and that these authorities would only come to the city if their operational budgets, including debt service, came up short.

  • 2 turfgrrl // Feb 4, 2008 at 10:26 pm

    anonymous 1: The parking authority needs capital funds to repair the Haviland parking deck. Infrastructure expenses are usually handled on capital budget requests.

  • 3 Anonymous // Feb 4, 2008 at 11:06 pm

    Be nice after having a couple of handbag and strong arm robberies on women at the Haviland parking lot within the last few weeks it may be nice to see some security or camera’s on site.

  • 4 anonymous #1 // Feb 5, 2008 at 6:39 pm

    Yeah but didn’t they become separate entities so they could manage their own debt against their receipts, and also so that their debt didn’t affect the city’s bond rating? Seems a little squirrely (sp?) to me. Or at least, disingenous.

  • 5 rita // Feb 5, 2008 at 7:23 pm

    The Parking Authority pays for all the debt associated with the parking system. The Parking Authority cannot issue their own G.O. bonds. Hence, the debt service associated with any prior, current, or future capital improvement projects are budgeted as part of the Parking Authority budget not the overall City of Norwalk budget.

    Both the WPCA and the Parking Authority still must go through the capital budget scrutiny and review process like every other department or agency. As part of the process, one of the evaluations is to determine how much debt each entity can absorb in the long term, not just for that year. Therefore, the recommendations made by the Finance Director incorporate this evaluation into his decision making.

    The capital budget summary, individual requests and the Finance Director’s explanation are all posted on the City of Norwalk’s website.

  • 6 Tom Hamilton // Feb 5, 2008 at 9:25 pm

    Rita has it right. The WPCA and Parking Authority pay the debt service associated with their capital projects out of their own budgets. Their requests are in the City’s capital budget because they must still be approved by the various bodies responsible for approving the capital budget (Planning Commission, BET, and Common Council).

  • 7 anonymous #1 // Feb 6, 2008 at 7:50 am

    Thanks for the explanation!

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