PROVEN RESULTS IN STAMFORD
As CFO of the City of Stamford, Mike achieved exceptional results.
NEGOTIATED WITH THE UNIONS
Mike negotiated the collective bargaining agreement with the Stamford Police Association, one of the City’s most challenging contracts. This was the first successfully negotiated contract in twelve years and it achieved significant benefit changes with long-term structural cost savings. Part and parcel with honest negotiations, the City pays 100% of the short-term and long-term annual required contributions for both pension and OPEB. This ensures that employees will actually receive the very benefits that were negotiated.
PRIVATIZED NON-CORE CITY ASSETS
The City was losing $6.5 million per year operating the Smith House, a 128-bed skilled nursing facility. While leading the effort to privatize the home, Mike ensured that the facility would remain a nursing home; all existing residents could remain indefinitely regardless of their payor status; and that all municipal employees would be offered employment with the new operator. Today, the privatized nursing home has become a jewel of the community, having recently undergone a renovation. The dedicated staff continues to provide exceptional care and the Stamford taxpayers are saving $5.5 million per year.
UPGRADED CRITICAL INFRASTRUCTURE
When Mike became Chairman of the Board of Directors of the City’s wastewater treatment plant, it was facing major challenges, both operationally and financially. Critical equipment failures were resulting in countless bypasses of untreated sewage into the Long Island Sound. Mike led the effort to correct the financial issues, collect millions in previously uncollected revenues, build up desperately need cash reserves and properly finance a responsible five year capital improvement plan. Having invested wisely in the plant’s talented staff and the physical plant, the Stamford Water Pollution Control Authority today serves as one of the best treatment plants in the state.