Nov 17, 2025Board meeting
Board of Finance Regular Meeting
The board discussed several agenda items, including the potential reallocation of funds related to Riverfront Recapture to Generation Power CT. A budget transfer was approved to cover unanticipated employee benefit costs. The board evaluated and approved the appointment of an auditing firm following a competitive RFP process, noting the firm's technical expertise and cost-effectiveness. Additionally, a proposal was presented regarding the funding model for Riverfront Recapture, specifically exploring the shift of costs from water rates to ad valorem taxation.