To the Editor:
When we took office over four years ago, we were faced with several financial hurtles that would need to be conquered if Trumbull was to be restored to a solid financial footing and see its bond rating upgraded. There were budget deficits, the out of control high school renovation, mismanaged Sewer projects, among others. By far the most damaging financial roadblock to Trumbull’s future was a Town Pension Plan that was grossly underfunded at 27% with past administrations virtually ignoring this 800-pound gorilla. Annual funding was nowhere near what the town’s actuaries were recommending (ARC or actuarial recommended contribution). These are the facts which clearly tell us how past administrations played politics and a financial shell game with the pension plan.