fairfield budget: Fairfield Budget Referendum Falls Short - 05/19/09 01:19 AM
According to the CT Post this morning, the petition for a Referendum on the Town Budget fell short of the required number of signers needed.  This Referendum would have asked for a reduction in the Board of Education budget for FY2010 of over $2 Million.  The budget currently includes a .32 percent or approx a one third of one percent increase over the prior year.
With the Referendum not passing, now all eyes turn to Hartford where the State Legislature is still debating.  Recent reports say they will very likely miss their June 3rd deadline for finalizing a budget.  Some even … (0 comments)

fairfield budget: Fairfield Board of Eduction Budget Referendum - 05/18/09 08:29 AM
 After talking with the Fairfield Town Clerk's Office, here is the latest update -
Apparently a series of Referendum petitions have been turned into the Town Clerk's Office. So it won't be until sometime tomorrow (Tuesday) that we know if there are enough certified signatures to force a Referendum....stay tuned!
The Petition must have 1833 certified signers.....so the Town Clerk's office has to first count the number and verify that the signers are registered voters before a determination can be made about the Referendum.

fairfield budget: Fairfield Real Estate Values Update - 04/23/09 06:48 AM
What drives Real Estate Values in Fairfield County?
There are two main drivers for Real Estate value in our area.  The first is proximity to New York City.  Not everyone commutes to NY but everyone competes against commuters for homes. Homes that are closer to NY are worth more in the Market.  This is one of the reasons average property values decline (or become more affordable) as you travel up the coast - Greenwich to Darien to Westport to Fairfield. For the most part, Fairfield is the last commuter town.  It is not that no one will commute from further out … (0 comments)

fairfield budget: Fairfield and the New Budget - Update - 04/02/09 03:44 AM
March 31, 2009
Budget Update -
Well, the Board of Finance has finished voting and here is what we have:
Town - $81,104,077
BOE - $140,065,961
Debt Service - 26,577,342
For a total of $247,747,380
This should represent approx a 1.75% tax increase. This is not exact. The calculation wasn't done last night.
It has been a real education this year.  Certainly, there has been more public participation than prior years.  My compliments and appreciation are given to all the people that offered feedback and suggestions especially for the sincerity and respect contained in all the letters, emails and comments.
Again, … (0 comments)

fairfield budget: Fairfield and the New Budget - 03/13/09 11:05 AM
Here is an explanation of what it is like this year serving on Fairfield's Board of Finance....
This is a very difficult and challenging year.  We are currently facing a situation where we most likely do not have enough Revenues to cover the Expenses currently proposed - unless one is willing to make some very optimistic assumptions. We also have some key Expenses like our Pension Fund contribution not fully accounted for in the First Selectman's version of the budget. The current budget reflects something closer to a 4.5% Tax increase not the 3% that is being advertised.  
To put … (0 comments)

fairfield budget: What should Fairfield Plan for? - 03/08/09 01:06 AM
This has been an absolutely beautiful weekend for this early in the year....and makes me just yearn for the coming spring and the time when Fairfield turns green with new life blooming everywhere.  And I know we don't need any bad news to spoil this feeling.....however, there have been some discussions about how long this current downturn might last and how quickly it might come back.  I believe we need to hope for the best but plan for the most likely...and be ready for something worse.  In a sense, we are all part of "management" and we all have an obligation to … (0 comments)

fairfield budget: It's Budget Time in Fairfield! - 02/23/09 12:45 AM
It is one of the Rites of Spring. First Baseball starts with "Pitchers and Catchers Report".  The NCAA Basketball programs call it "March Madness".  But in this part of the country for Fairfield and the surrounding towns it is called Budget Season.  Each town based on size and Town Charter may follow a slightly different process but somewhere between now and roughly May 15th, Expenses are scrutinized & Revenues are estimated by the Board of Selectman and the Board of Finance.  Then at the Annual Budget Meeting of the RTM, the Expenses are approved. Next it goes back to the Board of … (0 comments)

Mike Tetreau, ABR, CRS, GRI,  Sales Vice President (William Raveis Real Estate - Fairfield, CT)

Mike Tetreau

ABR, CRS, GRI, Sales Vice President

Fairfield, CT

More about me…

William Raveis Real Estate - Fairfield, CT

Address: William Raveis Real Estate, 2525 Post Road, Southport, CT, 06890

Office: (203) 255-6841

Mobile: (203) 520-8318

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