Over the course of the last seventeen months, Town officials and residents have discussed and deliberated on the merits of constructing a community center here in the Town of Trumbull. As part of that conversation, the community has discussed several alternatives and has offered many divergent viewpoints of what should be included in a community center. How much space do our seniors need? What types of space do our community groups need? What should we offer our youth? Should this facility include an indoor community pool for young and old alike? With the state and national economy still in limbo and with the cost of living in Connecticut squeezing many middle income families, one question I often get is, “Tim, how we can we make this happen without our taxes going up?” The answer is simple. Increased revenue through economic development + moderated levels of debt service + historically low interest rates = tax stabilization.
We have been able to make meaningful investments in our infrastructure: our schools, our parks, our roads and our municipal buildings. Since reforming our Board of Education Facilities Department in 2013, we have embarked upon an aggressive capital program for our schools these last three years where we are taking energy savings and reapplying those savings to additional capital upgrades to reduce that expense to our taxpayers. We have fixed our pension fund while reducing taxes twice in seven years and maintaining a seven year average tax increase of 1.65%. We have also upgraded Trumbull credit rating to near AAA status. The higher our credit rating, the lower our interest rate on money we borrow.