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Coventry Pension Plan Liability

Thursday, December 13, 2012

Council Discusses Sewer Rate Changes, Appoints Various Board Members

The following is a summary of agenda item decisions from the Dec. 10 Town Council meeting.

  During Monday's meeting of the Coventry Town Council, sewer usage fees were increased from the current rate of $1.55 per cubic foot to $2.83 per cubic foot.  Town Manager Tom Hoover explained that the increase in user fees may be offset by an ordinance to reduce the interest rate on the amortization of sewer assessments.  “By reducing the interest rate from eight percent to six percent there will be a 17 percent savings to users,” he said. Discussion of the proposed interest rate reduction ordinance was set aside for a public hearing at the Jan. 14 meeting of the Town Council. Pension Plan Position  Council members approved 3 to 1, that the Town of Coventry's position regarding the Coventry Teachers' Association/School Related Personnel…

coventry voter-Jay

12:07 pm on Monday, February 18, 2013

Memoir of a discrased police chief. Good read   more ›

Tuesday, November 27, 2012

Council Tables School Employees Pension Plan Decision

More than 200 Coventry school employees attended Monday's meeting in support of their underfunded pension plan.

  Prior to the start of Monday's Town Council meeting, upwards of 200 Coventry School Department employees and union members stood outside of Town Hall holding picket signs in support of the Coventry Teachers' Alliance/School Related Personnel (CTA/SRP) Pension Plan. Once the meeting began, in order to comply with the Town Hall Chambers' capacity, many members of the crowd were asked to listen to the meeting from the building's lobby. According to Town Manager Tom Hoover, the "Coventry School Employees Pension Plan and Trust", is approximately $24 million underfunded and the State Auditor General has asked the Town of Coventry to provide an individual position on the matter in regards to liability.  According to the Council's resolution, …

me

8:35 am on Thursday, December 13, 2012

The teachers get most of the town's budget as far as I can see. I personally can not afford any more. Unions have taken over and feel entitled to take from the taxpayers whatever they want. Meanwhile, I can't even find a job. I'M NOT PAYING ANYMORE TAXES TO THEM, THEY WANT TOO MUCH...   more ›

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