Town of Fairfield News
7/9/2019 - Fairfield’s Coveted AAA Rating Reaffirmed - Bond and Note Sales Successful
First Selectman Mike Tetreau is pleased to announce that the Town recently completed a bond sale of $15,710,000 at 2.5% and a ban sale of $11,420,000 at 1.3%.
First Selectman Tetreau also announced that the nation’s top rating agencies—Fitch Ratings, Moody’s Investors Service, and S&P Global Ratings—have all reaffirmed the Town’s AAA rating and stable outlook status. The AAA rating is the highest possible rating given out by these agencies.
Key highlights of the Rating Agencies’ assessments on Fairfield include:
“Given Fairfield's strong economy and our view of management, we expect continued strong budgetary performance.” – S&P
“Very strong management, with strong financial policies and practices.” – S&P
“Fairfield’s credit strengths include strong financial performance, solid conservative budgeting, long-term capital planning and long-term liability management.” – Moody’s
“Careful expenditure management combined with moderate tax rate increases and conservative financial forecasting has led to growth in reserves following the recession.”
“Superior inherent budget flexibility. History of strong operating performance and budget controls.” – Fitch
First Selectman Tetreau further stated, “Thanks to the Town’s fiscal prudence and sound financial management, Fairfield is one of only four Connecticut towns to earn the AAA rating from each of the nation’s top three rating agencies. I am also very pleased with the highly successful outcome of the bond and note sales. The low interest rates achieved allow the Town to fund essential projects at these low rates saving Fairfield taxpayers a significant amount of money over the long-term.”
Chief Fiscal Officer Robert Mayer said, “Town employees work diligently to manage the Town’s operations and finances to allow the Town to optimize our debt issuance results. I would like to thank all our employees for their hard work which makes these favorable results possible.”
Matthew Spoerndle, Senior Managing Director at Phoenix Advisors, LLC, said, “The combination of the Town’s strong AAA bond ratings, coupled with the fact that interest rates have declined significantly since October led to better than expected results. This was a great outcome for the Town!”
The photo shows l:r: Erick Russell of Pullman & Comley, LLC, Fairfield First Selectman Mike Tetreau, Frank Cleary of Pullman & Comley, Fairfield CFO Robert Mayer, Riley Green of Phoenix Advisors, LLC, Town Comptroller Caitlin Bosse and Matthew Spoerndle, Senior Managing Director at Phoenix Advisors, LLC.
Household Hazardous Waste Collection Day
Hazardous Waste Collection Day: Saturday, August 28, 2021
9am - 2pm at Veteran's Park - 909 Reef Road
The Town of Fairfield hosts its annual Household Hazardous Waste Collection Day on a Saturday in late August at Veteran's Park to provide you with the opportunity to dispose of household hazardous waste at no charge. Just load up your car and your car will be emptied for you. There's no need to get out of your vehicle. See more details below.
For information on disposing of hazardous waste all other times of the year, please visit our Hazardous Waste webpage.
What is Collected
Please click here to view a list of what household materials are accepted and which ones are not.
If you have only antifreeze, motor oil or automotive batteries, you can take them directly to the Transfer Station.
There is a specific traffic pattern for the Collection Day. There will be signage posted. Police and volunteers will also be on site to direct traffic and answer questions.
To access the site proceed as follows:
- From Old Post Road or Oldfield Road turn onto Rowland Road
- At the third stop sign turn right onto Edward Street
- Proceed to drop off site at Veterans Park
- Signage is posted and police and volunteers are on site to direct traffic and answer questions.
A few tips for transporting your hazardous waste to the collection site:
- Don't mix hazardous wastes. Keep waste in their original containers if possible.
- Keep hazardous waste away from children and animals.
- Don't smoke in the vehicle.
- For safety reasons, there will be no walk-in drop-offs on Collection Day.
Chemicals from around the home, workshop or garden shed may contain substances which are difficult to dispose of safely. Your effort will help protect our Town's environment and our region's water supply.
The Town needs volunteers from 8:30 - 11:30 or 11:00 - 2:00 on Collection Day. Volunteers will not be handling any hazardous waste. If you would like to volunteer please contact the Solid Waste and Recycling Department.
For more information on Household Hazardous Waste Collection Day please contact the Solid Waste and Recycling Department.