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Wednesday, June 15, 2011

06/15/11 Tom Foley Blasts Reckless Connecticut Policy Direction in New London Day Op-Ed

Dear Greenwich Roundup-

Please read my Op-Ed piece below that ran in Sunday’s New London Day. I wrote it to clarify the policy disaster that happened during the recently ended legislative session in Hartford. The unfortunate result will be an acceleration of jobs and taxpayers leaving Connecticut. Please forward it to any friends whom are interested in knowing what is really going-on in Hartford.

Tom

June 12, 2011

Tom Foley: Outdated policies invite a Connecticut crash

The New London Day

By TOM FOLEY

When a test pilot takes an airplane on a risky test flight, it isn't legal to bring along passengers. Not so in Connecticut politics. Gov. Dannel P. Malloy and our Democrat-controlled legislature recently passed a budget that is a reckless experiment equivalent to a test flight in a poorly designed airplane - with all of Connecticut's citizens aboard for the ride.

While the federal government and every other state recognizes the broadly held policy consensus that voters want to hold the line on taxes and reduce spending, Connecticut's political leadership is stuck in a retro-policy world reminiscent of the 1960s. During the legislative session 1960s-era dogma and political pay-offs triumphed over common sense and good policy. It isn't amusing watching Connecticut adopt policy more evocative of Havana or Caracas than Shanghai or Mumbai. We are moving backward rather than forward and Connecticut's citizens will pay a big price.

The world has come a long way since the 1960s. People actually believed then that more government would solve problems and steeply progressive income taxes would make a more equitable society. Most policymakers and voters now realize that there are limits to what government can do well and that, past a point, more government merely smothers private sector economic activity, slows income growth, and reduces private sector employment. Connecticut arrived at that point some time ago. We also now know that taxing people excessively doesn't make society more equitable, it just drives away ever-more mobile taxpayers and jobs, reducing everyone's income and opportunities.

Because politicians and voters in the 1960s believed we could tax and spend our way out of our problems, politicians saw no need to hide what they were up to. That is not the case today. Gov. Malloy and Democrats in the legislature deceptively describe their budget as "sharing sacrifice," "reducing spending," and wringing "give-backs" out of state workers. Baloney.

The facts are clear and simple. Spending in the general fund is budgeted to go up next fiscal year by over $450 million, an increase of 2.5 percent over this year. The governor's "deal" with state workers' unions includes no reduction in either the number of state workers or the overall cost of the state workforce. Gov. Malloy and the Democratic majority are closing this entire budget deficit with increased taxes amounting to more than $2.5 billion.

These big tax increases will raise Connecticut's already high cost of living. Most of the increase in taxes will fall on middle-income households. Connecticut households in 2013 will pay on average more than $2,000 more in state taxes than they did last year. With average household income at $68,000, Connecticut's middle-income families will have to again cut back spending to meet their heavy new tax burden, further hurting an already weak economy.

What will be the effect of this disastrous policy, other than the hardship and additional belt tightening imposed on Connecticut's citizens? The most damaging outcome will be an accelerating flight of our tax base and jobs. Connecticut is already unaffordable for many families and businesses. Rather than reducing the cost of living, the recently passed budget will both raise the cost of living and the cost of employing people. People and businesses that can leave the state will. Others who might have come here won't.

Connecticut has the worst job creation record in the nation. You would think that after their dismal performance creating jobs, our politicians would be reluctant to keep pursuing the same shopworn and ineffective policies. Instead, they are stepping even harder on the accelerator, like the impulsive gambler who after losing a lot of money just keeps doubling down on the same bet.

Connecticut is conspicuously alone in its "damn the torpedoes" strategy of raising taxes and doing nothing serious to rein-in spending. In New York, where Democrats also hold the governorship and control the legislature, Gov. Andrew Cuomo has pledged to reduce spending next year by 5 percent, reduce the size of the state work force by more than 10,000 people, and not raise taxes.

Like a family that lived too well in the good times, Connecticut has to adjust to current economic reality. That is why when running for governor I pledged not to raise taxes and focus instead on wisely and equitably reducing spending. This policy direction doesn't originate in ideology or politics. It is simply the right thing to do and plain enough for political leaders on both sides of the aisle to recognize most everywhere, except in Connecticut.

The current administration's failure to recognize the need for a change in direction will only dig the state into a deeper hole.

The only good news in this confounding story is that voters seem to know they are being had. The deceptive messaging isn't working. Everything in Hartford seems too clever by half. Some think the budget doesn't reflect a policy at all, but rather an odd and un-Connecticut introduction of 1930s' style "take care of your friends" urban ward politics. Whatever it is, Connecticut isn't happy. A new poll found 71 percent of voters viewed Gov. Cuomo's policies favorably, while the most recent Quinnipiac University poll showed Gov. Malloy's rating in the mid-30s.

It isn't fair that this administration is taking Connecticut's citizens for a risky ride with discredited policies perpetrated by out-of-touch politicians. If you are planning to stick around for the test flight, I suggest you fasten your seatbelt. It is going to be a bumpy ride until our leaders get in tune with the 21st century - or voters replace them with leaders who are.

Tom Foley was the Republican candidate for governor of Connecticut in 2010.


06/15/11 The Greenwich First Selectman Report

A News Report About Greenwich First Selectman Peter Tesei
RTM Denies $87K Request to Cover Cost Overrun for School Parking ...
Patch.com
The matter came to light in April when a contractor for the project contacted First Selectman Peter Tesei asking why he had not been paid. ...

A Blog Post About Greenwich First Selectman Peter Tesei
Businesses concerned over bridge closure
By kborsuk@greenwich-post.com (Ken Borsuk, Staff Reporter)
First Selectman Peter Tesei wondered if it was possible to increase the work hours spent daily on the project to reduce the days the bridge has to be closed, and Selectman Drew Marzullo asked if it was possible for the work to be done ...
Greenwich-Post.com • News

Recently Updated Web Pages About Greenwich First Selectman Peter Tesei
Outages lead CL&P to look to build new bulk power station in town
CL&P officials were invited to the town by First Selectman Peter Tesei in the wake of last week's major power outages in town. At the peak time of 5:30 p.m. ...
www.acorn-online.com/.../96416-outages-lead-clap-to-look-to...
CL&P Vows to Address Greenwich Outages | The Daily Greenwich
First Selectman Peter Tesei said that of those customers, 140 lodged complaints with the town. "Overall, the sentiment was, 'Why did it happen? ...
www.thedailygreenwich.com/.../clp-vows-address-greenwich-...

06/15/11 The Raw Greenwich VIDEO Feed

A Video About Greenwich, CT
Homes for Sale - 109 GREENWICH CT, Madison ...
2 min
WOW! You won't believe this spectacular end unit. No stone left unturned in rennovating this luxorious 3 bdrm. Attention to every ...
youtube.com

06/15/11 Keep Track of the Greenwich Tides And More From The Greenwich Topix News Message Board

Topix Greenwich

Greenwich - News June 15, 2011

See Greenwich Weather

Keep Track of the Greenwich Tides (The Daily Greenwich)
Sign up with TheDailyGreenwich and join the discussion! Click here to receive our headlines in your inbox! Close Visit the Archive Go to Top Main Street Online Main Street Connect is a national community news company.

Woman Charged with Fur Theft (Patch)
A penchant for fur, especially if it's been 'fur'-loined, lead to the arrest of a New York City woman on a first-degree larceny charge.

See for yourself: A sampling of emails between Greenwich BOE, schools chief (Connecticut Post)
The following are excerpts of some of the hundreds of emails exchanged between school board members and the superintendent from Sept.

Please send your comments, news tips and press releases to GreenwichRoundup@gmail.com

7 Days: 6/16 - 6/22
7 Days: 6/16 - 6/22 (Fairfield Weekly)
When Stephen Sondheim appeared on an episode of "The Colbert Report" last December, the irrepressible Comedy Central host revealed himself a Sondheim acolyte.

When 'Nothing' is something: Shakespeare company launches summer show (News Times)
James O'Reilly, Jacob Presson and William Jackson Harper rehearse a dance scene from Shakespeare on the Sound's upcoming production of "Much Ado About Nothing." The show begins Thursday, June 16, at Pinkney Park in the Rowayton section of Norwalk.

New business helps with smooth estate transitions (The Wilton Bulletin)
Life's transitions can be difficult to navigate, especially when it comes to managing an estate settlement or downsizing a home.

06/15/11 More M-8s Added to New Haven Line and more from Greenwich Patch



Today s 80° 57° Tomorrow s 77° 62°

June 15, 2011

Your News

More M-8s Added to New Haven Line

Michael Woyton | Jun 15, 2011 | 0 Comments

imageThe number of weekly train runs with new cars is now 130.

Woman Accused of Using Drug in Restroom

Barbara Heins | Jun 15, 2011 | 0 Comments

imageInformation supplied by Greenwich Police and does not reflect guilt or convictions.

A Preview of the Hudson Valley Clearwater Festival

Jonann Brady | Jun 15, 2011 | 0 Comments

imageThe two-day music and environmental festival features a number of local food and marketplace vendors.

Five Fantastic Father's Day Ideas

Marisa Torrieri | Jun 15, 2011 | 0 Comments

imageIf you're lucky enough to spend Father's Day with a special dad in your life, treat him to something that suits his unique personality. Whether he enjoys a ballgame, beer, or brunch, here are some ideas on how to indulge dad on Sunday, June 19.

Greenwich Scores and Standings: June 15

Bob Birge | Jun 15, 2011 | 0 Comments

imageYour interactive, daily digest for all Greenwich varsity scores, schedules and standings — and a place for you to add information and images for all youth sports

See more News »

06/15/11 New Today in The Daily Greenwich

What's Up in The Daily Greenwich
The Daily Greenwich
News Sports Schools Neighbors
Greenwich Playground Strives To Fit Needs of All
by Anna Helhoski | 06/15/11

On warm summer days, the Bruce Park Playground in Greenwich is filled with children running, jumping, climbing and, well, playing. However, few realize the park was renovated specifically with children of all abilities in mind, and they are still working on the finishing touches. "It's not quite

READ MORE
Keep Track of the Greenwich Tides
by Anna Helhoski | 06/15/11

Here is the tide schedule for the week, as reported for Cos Cob Harbor: Thursday, June 16 • High Tide: 12:26 p.m. (7.7 feet) • Low Tide: 6:29 a.m. (-0.5 feet) and 6:38 p.m. (0.2 feet) Friday, June 17 • High Tide: 12:41 a.m. (8.6 feet) and 1:14 p.m. (7.7 feet) • Low Tide: 7:16 a.m. (-0.4 feet) and

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Edwin Redkey, Formerly of Old Greenwich
by Anna Helhoski | 06/14/11

Former Old Greenwich resident Edwin Redkey died on Friday, June 10, due to complications from Parkinson's disease. He was 79 years old. Redkey was born in Washington, D.C., and earned his B.A. from the University of Washington in Seattle, a master of divinity degree from Princeton University and a

READ MORE
Join The Daily Greenwich for Office Hours
by Anna Helhoski | 06/14/11

Do you have a story idea? Join The Daily Greenwich reporter Anna Helhoski for "office hours" Thursday from noon to 1 p.m. at Starbucks on Greenwich Avenue. Bring suggestions and questions about community coverage in Greenwich, or just drop by for a chat. Follow TheDailyGreenwich.com on

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CL&P Vows to Address Greenwich Outages
by Anna Helhoski | 06/14/11

Connecticut Light & Power has promised to improve service reliability after more than 5,000 Greenwich customers lost power last week because of lightning and underground circuit failures. The outages cut power to 5,643 Greenwich customers until 2:30 a.m. Saturday. First Selectman Peter Tesei


READ MORE

Tuesday, June 14, 2011

06/14/11 Greenwich Real Estate with Scott Elwell - May 2011 - GreenwichCT.com

As we enter the summer months, the spring market numbers are starting to show. The 2011 spring real estate market in Greenwich was fairly impressive. From a realtor’s perspective (without looking at the numbers) houses that were well priced moved fast. This is still the case today. I can’t say that inventory has dropped, since it hasn’t, but I can say that well priced homes are attracting a ton of interest and move extremely quickly. Over the past month I can think of at least 10 houses that went into contract within a week of hitting the market.

In May we had 55 sales, which is nearly 40% higher than May 2010. If my calculations are right, come June and July we will see an even higher change over last year. You see, these sales numbers lag about 45 to 60 days from the activity in the market since it takes that long to close a house. I’ve been looking for good numbers showing houses going into contract, but can’t find any. The Greenwich MLS changed categories to now include houses that are in executed contracts, contingent contracts and have accepted offers, but continue to show. Due to all of these categories, the numbers showing houses now in contract are all over the place.

One area that we haven’t spent much time talking about in the past few months is the Sales to List Price Ratio. This number represents where a house trades in respect to its asking price. If you are looking at a large group of houses (say a couple hundred) I think this can be a fairly telling data point. That being said, for small groups of sales, this number can be fairly deceiving as one sale can have a fairly significant affect. With that thought I am going to ignore the ratio numbers in the one-month comparison, but focus on the numbers in the year to date comparison.


As you can see we have dropped from a 92.3% sales to list price last year to 91.2%. This one percent drop can mean a lot of things. It could mean that people are now willing to take less for their house, or that they are in fact pricing the houses higher and taking the same amount. All in all, a 1.2% variance is not that significant and should not warrant much concern. I like talking about this number since it can be read so many different ways. Residential real estate is not an exact science and just like macroeconomics people with fairly different opinions can all be right.

It is my belief that the sellers market is starting to come around to seeing what their houses are really worth. In addition, they realize that the spring market (especially in a family neighborhood where the school year is so important) may be the hottest time to sell their house for a little while. This has nothing to do with the market getting worse or better it just has to do with the cyclical nature of real estate in Greenwich. If you are selling a family home, chances are that family will want to be moving during a time when school is not in session.

As usual, I’m here if anyone wants to talk more about the market. I’m always looking for more clients and appreciate referrals immensely.


Sincerely,

Scott




Scott P. Elwell
Founder/Real Estate Agent - GreenwichCT.com
Al Filippone Associates @ William Raveis
45 Field Point Road, Greenwich, CT 06830
Cell: 203.940.0444
scott@elwell.com
MY LISTINGS





06/14/11 The Greenwich First Selectman Report

News About Greenwich First Selectman Peter Tesei
CL&P says it will speed up work after widespread outages
Greenwich Time
First Selectman Peter Tesei said while it is likely the town will still face power issues later this summer, he felt CL&P was taking the right steps to ...
CL&P Wants to Build New Substation To Meet Power Demands
Patch.com
Late Friday following a meeting with utility officials and as reports filtered in that the outages were growing, First Selectman Peter Tesei said, ...

A Recently Updated Web Page About Greenwich First Selectman Peter Tesei
safepipelines : Message: Gas company: Connecticut pipeline is safe
First Selectman Peter Tesei said. "You can never do enough to prepare for the unexpected." Officials of Tennessee Gas told audience members that the company ...
tech.groups.yahoo.com/group/safepipelines/message/18590

06/14/11 The Raw Greenwich VIDEO Feed

Videos About Greenwich Connecticut
At The Point in Greenwich, CT
3 min
Recorded on June 5, 2011 using a Flip Video camera.
youtube.com
Touch a truck Greenwich, CT. 2011
53 sec
This video was uploaded from an Android phone.
youtube.com

06/14/11 DEP: Slain Mountain Lion Was Held in Captivity and other stories from the Greenwich Topix News Message Board

Topix Greenwich

Greenwich - News June 14, 2011

See Greenwich Weather

DEP: Slain Mountain Lion Was Held in Captivity (Patch)
The state Department of Environmental Protection's police unit is investigating whether a mountain lion killed on the Merritt Parkway in Milford over the weekend escaped from illegal captivity - despite the fact that the animal had no physical signs of being domesticated.

PTA Honors Greenwich Mom for Volunteerism
PTA Honors Greenwich Mom for Volunteerism (The Daily Greenwich)
Greenwich High School PTA leader Lauren Rabin has received a volunteerism award from the PTA.

Greenwich Scores and Standings: June 14 (Patch)
The Daily Sports Digest is designed for you to add your best photo and/or video to share i»¿. If you see anything in our scores, standings, or schedules that requires updating, please e-mail sports editor Bob Birge A atA bob.birge@hotmail.com The Connecticut High School Coaches Association All-Star baseball gamesA are for A Tuesday at Plainville ...

Please send your comments, news tips and press releases to GreenwichRoundup@gmail.com

Greenwich track brings home medals from New Englands (Fairfield Citizen-News)
The Greenwich High School 4x400 Relay team placed 5th out of 36 teams at the NE Regional Championships in Burlington, VT on Saturday.

"Devil Bird" Spotted In Hamden, Believed To Be First Sighting In Connecticut (WTIC-TV Hartford)
An avid birder, she knew it was an anhinga, which is a name taken from a Brazilian tribe that means "devil bird." Fellow birder Nancy Specht was with McBride, and she confirmed the sighting.


Five Things: Mountain Lion Found Dead in CT; Mat. Schoolhouse Rd....
(Patch)
Mountain Lion Found Dead in Connecticut A If you've foilowed our coverage of recent mountain lion sightings in Matunuck , followed by DEM's reversal of its original position after a more thorough investigation , it may interest you that an unfortunate soul struck and killed a confirmed mountain lion in Greenwich, Connecticut with his car over the ...

Two hurt in second I-95 accident (News Times)
Two people were injured Monday morning when a commercial truck rolled from the northbound lane of Interstate 95 near Exit 16 across the median, according to fire officials.

Agent Covers Bedford and Greenwich (The Daily Westport)
Gloria Marwell, an agent with Prudential Douglas Elliman in Bedford and Prudential Connecticut in Greenwich.

New mountain lion sightings being investigated by DEP in Greenwich (Connecticut Post)
An investigation into two new sightings of a possible mountain lion in Greenwich will continue on Monday after town residents reported seeing a large cat in two different locations on Sunday.

'Extinct' cougar killed only 100 km from New York City (Canada)
A dead mountain lion is seen in Milford, Conn., early June 11, 2011. The lion, which may have been the same big cat spotted in the posh New York City suburb of Greenwich, Conn., a week ago, was hit and killed early on Saturday morning on a highway in Milford.

06/14/11 CL&P Wants to Build New Substation To Meet Power Demands and more from Greenwich Patch


Today s 64° 52° Tomorrow s 80° 57°

June 14, 2011

Your News

CL&P Wants to Build New Substation To Meet Power Demands

Barbara Heins | Jun 14, 2011 | 0 Comments

imageProject years away but utility plans more immediate remedies in wake of last week's outages.

Contemporary Art Gallery Gallops onto The Avenue with Its First Show This Week

Meg Nolan van Reesema | Jun 14, 2011 | 0 Comments

imageFeaturing the lauded work of fine art photographer, Roberto Dutesco, the 6-week old Samuel Owen Gallery hosts its inaugural show on Thursday.

Greenwich Scores and Standings: June 14

Bob Birge | Jun 14, 2011 | 0 Comments

imageYour interactive, daily digest for all Greenwich varsity scores, schedules and standings — and a place for you to add information and images for all youth sports

PatchCast: Greenwich Mountain Lion Investigation Continues, McDowell Faces New Drug Charges

Cecelia Smith | Jun 13, 2011 | 0 Comments

imageA roundup of the region's major developments for Monday, June 13.

DEP: Slain Mountain Lion Was Held in Captivity

Barbara Heins and Ronald DeRosa | Jun 13, 2011 | 0 Comments

imageOfficials believe only one wild cat has been stalking region.

See more News »

Opinion

Whiz Kid Caroline 'Cat' Lazar

Sue Rogers | Jun 14, 2011 | 0 Comments

imagePassionate about theater and writing.

Contemporary Art Gallery Gallops onto The Avenue with Its First Show This Week

Meg Nolan van Reesema | Jun 14, 2011 | 0 Comments

imageFeaturing the lauded work of fine art photographer, Roberto Dutesco, the 6-week old Samuel Owen Gallery hosts its inaugural show on Thursday.

See more Opinion »

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