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Record of Proceedings

Stamford Board of Fiscal Committee Meeting - March 24, 2026

Board of Representatives — Tuesday, March 24, 2026
BodyStamford, Connecticut
SessionBoard of Representatives
DateTuesday, March 24, 2026
StatusFILED
Video Record
0:00 / 34:00

Original source
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0:00

All right, well, let's get started.

0:01

It is now 6 32.

0:04

And the this is a meeting of the board of fiscal committee for the board of finance.

0:12

Board of representatives.

0:13

Sorry about that.

0:15

A little crazy this morning.

0:17

Uhing better.

0:18

Anyway, uh we have an attendance today.

0:24

Members of the board, uh, co-chair Morrison, Terry Adams, Karen Caporelli, Virginia La Cruz, Ciara Dorsey, Emil Goldberg, Parker Johnson, Noel Pine, and I think that's it.

0:40

I don't know, Sam here.

0:42

John Bouchard is also on.

0:44

Uh great, thank you.

0:46

Anyone else?

0:47

Did I miss anyone?

0:50

All right.

0:51

Great.

0:52

Thank you.

0:54

I have you.

0:58

Thank you.

0:58

Okay, thank you.

1:00

All right.

1:01

And with that, uh we have a quorum.

1:06

We have the requisite number of members of the fiscal committee.

1:10

And we'll get started with the first item.

1:13

Now I think that there is one member.

1:16

Who is it?

1:17

Who is not remember who is we wanted to call out?

1:21

This is a regular meeting of the fiscal committee.

1:24

There'll be a budget presentation starting at 7.30.

1:28

So one hour from now.

1:29

And if you're here for the budget presentation, you you're welcome to stick around, but you also may come back in an hour if that might more sense.

1:39

So with that, let's get started with the first item.

1:42

First item is it number one, F32.053 for 50,000.

1:48

And additional appropriation from operating.

1:51

The mayor's office, Stanford Boys and Girls Clubs, location, Yerwood Center, amount from contingency, mayor, contracted services to cover two months of lost rental income resulting from the city's need to evict tenants due to asbestos abatement.

2:08

And motion to approve.

2:11

Motion.

2:14

So is there a second?

2:18

Second.

2:19

Second.

2:20

All right.

2:21

I open the floor for discussion.

2:24

There are any comments.

2:29

Anyone wish to jump in?

2:33

All right.

2:34

Hearing none, I'll call for this by voice vote.

2:37

All those in favor say aye.

2:39

Aye.

2:41

Anyone opposed?

2:46

All here voted in favor.

2:48

So the motion carries unanimously.

2:51

All right.

2:51

On to the item number two, F32.054 resolution.

2:57

Respect to the authorization issuance and sale of not exceeding 65 million dollars.

3:04

City of Stanford General Obligation Refunding Bonds.

3:11

So moved.

3:12

Is there a second?

3:14

I open the floor for discussion.

3:16

And I see that Tony Romano is here.

3:19

Tony, would you like to discuss what's going on?

Discussion Breakdown — Share of Meeting
Procedural█████████████████████████████████33%
Fiscal Sustainability██████████████████████████26%
Public Safety█████████████13%
Technology and Innovation███████████11%
Engineering And Infrastructure█████████9%
Sustainability████4%
Community Engagement████4%
Summary of Proceedings

Stamford Board of Fiscal Committee Meeting - March 24, 2026

This meeting of the Board of Fiscal Committee of the Board of Representatives took place on March 24, 2026, from 6:32 PM to 7:06 PM. Members present: Co-chair Morrison, Terry Adams, Karen Caporelli, Virginia La Cruz, Ciara Dorsey, Emil Goldberg, Parker Johnson, Noel Pine, and John Bouchard. A quorum was established. The committee reviewed and voted on nine items, including budget appropriations and bond authorizations, with no public comments.

Discussion Items

  • Item 1 – F32.053: $50,000 Additional Appropriation for Boys & Girls Club (Yerwood Center) – Funds from contingency to cover two months of lost rental income due to asbestos abatement eviction. Approved unanimously by voice vote.
  • Item 2 – F32.054: Authorization for up to $65 Million General Obligation Refunding Bonds – Tony Romano (OPM) and financial advisor Barry Bernardi explained the potential for $1.8 million in savings over 12 years (approximately $140,000 per year), contingent on favorable interest rates. The refunding would not extend bond maturities. The city plans a separate $80 million new money bond issue; the refunding would be piggybacked to minimize costs. Approved 9-0-0.
  • Item 3 – F32.055: Cybersecurity Navigator Risk Manager Project – Resolution to sign agreements with CT DEMHS. Funding is tied to Item 9 (F32.061). Approved 9-0-0.
  • Item 4 – F32.056: Endpoint Detection and Response (XDR) Project – Similar resolution; funding already in capital budget. Approved 9-0-0.
  • Item 5 – F32.057: $2.5 Million Additional Appropriation for Latham Wider Community Center Renovations – Funded by private contributions and federal grant (HUD). Scope includes roofing, HVAC, sustainability upgrades (electrification, heat pumps, solar). Approved 8-0-1 (one abstention).
  • Item 6 – F32.058: Resolution to Sign HUD Agreements for Latham Wider Project – Paired with Item 5. Approved 9-0-1 (one abstention).
  • Item 7 – F32.059: $75,000 Grant for Free Public Wi-Fi Outreach at Latham Wider and Cove Island Park – Includes digital connectivity assistance. No new city funding. Representative de la Cruz asked about Wi-Fi range to support air quality monitors. Anita Carpenter (staff) will follow up. Approved 8-0-1.
  • Item 8 – F32.060: $86,308 Additional Appropriation for 911 Dispatchers Salaries – Supplemental grant from the state to cover four public safety dispatcher salaries. Annual state funding. Approved 9-0-0.
  • Item 9 – F32.061: $156,200 Additional Appropriation for Cybersecurity Consultant – Funds from FEMA and city (TIGF portion $31,240). Lead cybersecurity risk management efforts. Approved 9-0-0.

Key Outcomes

  • All nine items were approved by voice votes, with tallies as noted. No items were defeated.
  • The committee authorized the mayor to enter into agreements and accept grant funds for multiple projects.
  • The refunding bond resolution provides flexibility to move quickly if market conditions improve.
  • The meeting adjourned at 7:06 PM.

Meeting Transcript

All right, well, let's get started. It is now 6 32. And the this is a meeting of the board of fiscal committee for the board of finance. Board of representatives. Sorry about that. A little crazy this morning. Uhing better. Anyway, uh we have an attendance today. Members of the board, uh, co-chair Morrison, Terry Adams, Karen Caporelli, Virginia La Cruz, Ciara Dorsey, Emil Goldberg, Parker Johnson, Noel Pine, and I think that's it. I don't know, Sam here. John Bouchard is also on. Uh great, thank you. Anyone else? Did I miss anyone? All right. Great. Thank you. I have you. Thank you. Okay, thank you. All right. And with that, uh we have a quorum. We have the requisite number of members of the fiscal committee. And we'll get started with the first item. Now I think that there is one member. Who is it? Who is not remember who is we wanted to call out? This is a regular meeting of the fiscal committee. There'll be a budget presentation starting at 7.30. So one hour from now. And if you're here for the budget presentation, you you're welcome to stick around, but you also may come back in an hour if that might more sense. So with that, let's get started with the first item. First item is it number one, F32.053 for 50,000. And additional appropriation from operating. The mayor's office, Stanford Boys and Girls Clubs, location, Yerwood Center, amount from contingency, mayor, contracted services to cover two months of lost rental income resulting from the city's need to evict tenants due to asbestos abatement. And motion to approve. Motion. So is there a second? Second. Second. All right. I open the floor for discussion. There are any comments. Anyone wish to jump in? All right. Hearing none, I'll call for this by voice vote. All those in favor say aye. Aye. Anyone opposed? All here voted in favor.

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