Finance experts are selected for advisory team in Ridgewood
Monday July 8, 2013, 9:18 AM
BY DARIUS AMOS
STAFF WRITER
The Ridgewood News
Seven village residents were tabbed to fill seats on the new Financial Advisory Committee, which was created by the Ridgewood Council earlier this year with the intention that its members assist the governing body on municipal money matters.
The council appointed Nancy Johansen, Robert Muller and Kevin Shea to fill three-year terms, while Roberta Sonenfeld and Janice Willett were named to serve for two years each. Residents Richard Cundiff and I. Malcolm Highet were also selected, and each will serve for one year on the committee.
Johansen will fill the role of chairperson, while the new members will elect the vice chair during their first meeting.
Deputy Mayor Albert Pucciarelli and Ridgewood Chief Financial Officer Stephen Sanzari were also named to the committee as council and finance department liaisons, respectively.
The requisite for each appointee is a strong background in finance, accounting, business or government.
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Congratulations Village Council for a smart decision.
No one from the employees? how come there are different term lengths?
The finance committee does not need village employees. These people were selected on their qualifications and seem to have a lot of experience. Just what we need.
Bull, this will just be another group, saying the employees make too much and we have to cut wages and benefits, nothing will be said about long term debt , buying up property that could be put back on the tax roles, and and bringing in multiple housing units instead of rateables, to an already crowded school system
This will be an experienced group that can evaluate and recommend strategies to implement village goals.
Since wages and benefits are sinking the budget they may very well recommend cuts. They are professionals and they will recommend what they think is best. The council will accept all or part of the suggestions.
Pensions should be calculated on the base salary of the individual, not overtime padding in the final years.
Pensions are calculated from an avg of the employees last 3 year base pay no overtime included, get your facts straight.