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December 31, 2019

Comprehensive Annual Financial Report (CAFR) is due December 31st.

Danbury in the News

October 17, 2019

News
Fitch Rates Danbury, CT's $50MM Ser 2019B GO Bonds 'AAA'; Outlook Stable

Please view the article by clicking the link.

October 10, 2019

News
Millennials Are Coming Back Home to Danbury. Now What?

A top commercial real estate developer predicts an influx of young home buyers — but only if we play our cards right.

DANBURY, CT — The popular, and more often than not, angry, opinion about living in the greater Danbury area is that everyone is fleeing for lower taxed pastures.

Jim Fagan, senior managing director at Cushman & Wakefield, one of the world's largest commercial real estate businesses with properties throughout southwestern Connecticut, has a different perspective. He believes that the generation of millennials that moved away to college and never returned to their roots is about to make a big comeback. They're getting older, and the allure of Brooklyn and Boston has begun to dim.

"There's probably no place better to raise your kids than Westchester or Fairfield counties. You have four seasons, you're close to Manhattan, you have the Long Island Sound, you can go skiing in a couple of hours, a great public schools system, all these wonderful things. Where would you rather raise a family?" Fagan said. "The economics dictate you come out and find some places that are a little less expensive to live, and also have great public schools, a little bit more space to live."

Although the geography and the lower costs are attractive to the former big-city-dwellers, Fagan says many of the towns are going to need to alter their mindset if they hope to lure millennials back home.

By Rich Kirby, Patch Staff  | Aug 30, 2019 7:25 pm ET | Updated Aug 30, 2019 7:36 pm ET

October 10, 2019

News
Danbury's Unemployment Rate Ranks Among Lowest in CT

Danbury Unemployment Rate: Among the Lowest in CT: Current Labor Force Data for CT Towns - State of CT - September 20, 2019

Based on Bureau of Labor Statistics data extracted September 20, 2019, Danbury's Unemployment Rate is among the lowest among Connecticut cities with a Labor Force of greater than 40,000 as of August 2019, with a rate of 2.9%.  

Danbury's rate dropped from 3.2% in June 2019 and 3.0% in July 2019. In comparison, the State of Connecticut unemployment rate is 3.6% as of August 2019, 3.7% in June 2019 and 3.6% in July 2019. Danbury continues trending below the State's level.

October 3, 2019

News
Danbury Shines Again with a Healthy Drop in Crime.

The numbers say it all. According to a NewsTimes article from October 2, 2019, during the first eight months of 2019, there were 644 major crimes in Danbury. In 2018 there were 784 major crimes during the same time period. Do the math and that's an 18% drop.

[Danbury Police Dept. FB Photo]

Major crimes are defined as homicide, forcible rape, robbery, assault, burglary, theft, motor vehicle theft, and arson. Danbury Mayor, Mark Boughton remarked, "We are very proud of those numbers. We have great officers, great detectives, and a great chief who all work together to make it happen".

During the month of June, the crime rate as a whole showed a 25% decline and motor vehicle thefts dropped 66%. That's a major win. City Council president, Joseph Cavo told the NewsTimes, "I think it primarily has to do with the great work of the police department and its leadership. We are very fortunate".

ETHAN CAREY | October 3, 2019

October 2, 2019

Press Release
DANBURY PLANNING DIRECTOR TO SPEAK AT GOVERNOR’S TASK FORCE MEETING

Office of the Mayor City of Danbury, CT 

Contact: Taylor O’Brien 203-797-4511

FOR IMMEDIATE RELEASE: October 2, 2019


Planning Director Sharon Calitro to offer her thoughts on Transit-Oriented Development DANBURY, CT - The first meeting of Governor Lamont's Task Force on Transit-Oriented Development in Fairfield County will be held tomorrow, October 3rd at Sacred Heart University.

City of Danbury Planning Director Sharon Calitro is on the agenda to offer her local perspective of the regional vision. Ms. Calitro will share her thoughts on the ways in which TOD plans can benefit the Danbury community from an economic perspective. She will also be providing progress updates from some of Danbury's Initiatives found in the Downtown Danbury TransitOriented Development Study.

To learn more about the City of Danbury’s TOD Study, please visit: https://www.danburyct.gov/government/departments/planning-zoning/tod/

September 3, 2019

News
$4 Million Streetscape Renaissance Project Set for Danbury Read More: $4 Million Streetscape Renaissance Project Set for Danbury

The median home value in Danbury is $284,500. Danbury home values have gone up 1.9% over the past year and Zillow predicts they will rise 0.6% within the next year. The median list price per square foot in Danbury is $191, which is lower than the Bridgeport-Stamford-Norwalk Metro average of $263. The median price of homes currently listed in Danbury is $329,000. The median rent price in Danbury is $1,750, which is lower than the Bridgeport-Stamford-Norwalk Metro median of $2,800.

The work on phase one of Danbury's Streetscape Renaissance Project could begin as early as this November.

City Hall's streetscape project to enhance the appearance of downtown Danbury was just awarded a four million dollar grant from the state. Danbury Mayor, Mark Bougton says, "We're going to get a lot done with this project" according to an article in the newstimes.com.

The area targeted for this portion of downtown Danbury's revitalization includes the Main St. and the Kennedy Avenue area along with the streets surrounding the CityCenter Green and the Danbury Ice Arena. ultimate objective of the project is to bring Main St. back to the height of its prosperity. Some of the early improvements include replacing its asphalt-patched sidewalks with scored concrete and granite inlays and installing larger tree planters to make room for decorative plantings and there's much more to come.

But as the news-times printed, "_The reality is that Main St. is a neighborhood of mixed signals" and _I agree. How do you bring back the glory days of Main Street when it was king? The City of Danbury is ranked as 'The 4th Most Diverse Small City' in the country which Danburians take great pride in. For all the suggested improvements recommended in the 'Downtown Danbury Streetscape Renaissance Project, click on this link.

Is Danbury up to the challenge of re-energizing Main St. with the inclusion of the city's rich cultural heritage? If there's any one city in Connecticut that can make that happen, I'll put my money on the great City of Danbury!

Ethan Carey | September 3, 2019

August 8, 2019

News
DANBURY TO MATCH FUNDRAISING EFFORTS FOR PEMBROKE PLAYGROUND

Office of the Mayor City of Danbury, CT

Contact: Taylor O’Brien 203-797-4511

FOR IMMEDIATE RELEASE: August 8, 2019


DANBURY, CT – On August 8, the Danbury City Council approved Mayor Mark Boughton’s request to accept the $130,000 donation raised by teachers, parents and the Danbury community for a handicap-accessible playground at Pembroke Elementary School.

Mayor Boughton announced that he has been working with our Finance Department to find the necessary $140,000 needed to complete the project. These funds will come from the Open Space bond. The Department of Public Works will provide the labor for this project and plans to have it completed this fall.

Leigh Viviano, a special needs teacher at Pembroke Elementary School, helped lead the fundraising initiative that not only addressed repair needs, but also increased the number of ADA compliant playground equipment so that students with special needs could have a safe place to play.

“When I was approached about this project, I knew immediately that this was something we needed to make a reality. It took some thought and creativity, but we are proud to be able to provide the rest of the funding needed,” said Mayor Mark Boughton. “As Mayor, to see the kindness from residents and businesses who donated to this project, I am truly proud of Danbury’s sense of community action. We are excited to get this playground open and are hopeful that it will provide a safe, fun space for all of our students.” The playground will be available to the public after school hours and on weekends.

July 15, 2019

Press Release
MAYOR BOUGHTON DECLARES NEWLY-ACQUIRED LAND AS PUBLIC SPACE

Office of the Mayor City of Danbury, CT                                                             

Contact: Taylor O’Brien 203-797-4511

FOR IMMEDIATE RELEASE: July 15, 2019


27-acres of land to become passive recreation in Danbury DANBURY, CT – The City of Danbury, as the beneficiary of the Will/Estate of the late Mr. Victor G. Westman, has acquired a devise of property amounting to 26.99 acres. The property on 52 Bear Mountain Road is broken into five parcels, one containing the home of the late Mr. Westman.

From his last will and testament, Mr. Westman specifically left his property to the City of Danbury for open space and passive recreational purposes. The City is grateful for this addition to our ever-growing open space inventory, which also includes the recent acquisition of 65- acres on Long Ridge Road.

“I was able to sit down with Mr. Westman and visit his property on several occasions, and I couldn’t be more thankful for his decision to will it to the city. The land will be a wonderful space to picnic or hike with your family and we can’t wait to get started on it,” said Mayor Boughton.

To honor Mr. Westman’s legacy and thank him for his generous gifts, we have named the property Westman Park.

In addition to this property, Mr. Westman donated several books to the Danbury Railway Museum and the Danbury Public Library. He also left his two automobiles: 1928 Ford Coupe and 1930 Ford Sedan, to the Connecticut Antique Machinery Association. He had a passion for railroads and collected several items throughout his lifetime, all of which are now the property of the Danbury Railroad Museum.

July 9, 2019

News
City of Danbury Bond Sale Scheduled for July 9th, 2019

The City of Danbury will issue BANs and Bonds July 9th, 2019.


$7,000,000 | General Obligation Bonds, Issue of 2019
Dated: Date of Delivery

Due: Serially on July 15, 2020-2029, as detailed inside this front cover.

The Bonds will bear interest payable January 15, 2020 and semiannually thereafter on July 15 and January 15 in
each year until maturity or earlier redemption. The Bonds are issuable only as fully registered bonds, without coupons, and, when issued, will be registered in the name of Cede & Co., as bondowner and nominee for The Depository Trust Company (''DTC''), New York, New York. DTC will act as securities depository for the Bonds. Purchases of the Bonds will be made in book-entry form, in the denomination of $5,000 or any integral multiple thereof. Purchasers will not receive certificates representing their ownership interest in the Bonds. So long as Cede & Co. is the Bondowner, as nominee of DTC, reference herein to the Bondowner or owners shall mean Cede & Co., as aforesaid, and shall not mean the Beneficial Owners (as defined herein) of the Bonds. See ''Book-Entry-Only Transfer System'' herein. 

The Bonds are subject to redemption prior to maturity as described herein. (See “Redemption Provisions”).

Electronic bids via PARITY for the Bonds will be received until 11:30 A.M. (E.D.T.) on Tuesday, July 9, 2019
at Danbury City Hall, Finance Department Conference Room, 155 Deer Hill Avenue, Danbury, Connecticut 06810.


$13,000,000
General Obligation Bond Anticipation Notes
Dated: July 18, 2019 Due: July 16, 2020

The Notes will be issued in book-entry-only form and will bear interest at such rate or rates per annum as are
specified by the successful bidder or bidders as set forth on the inside front cover, in accordance with the Notice of Sale dated July 1, 2019. The Notes, when issued, will be registered in the name of Cede & Co., as Noteowner and nominee for DTC, New York, New York. See "Book-Entry-Only Transfer System" herein. The Notes are NOT subject to redemption.

Sealed proposals and electronic bids via PARITY for the Notes will be received until 11:00 A.M. (E.D.T.) on
Tuesday, July 9, 2019 at Danbury City Hall, Finance Department Conference Room, 155 Deer Hill Avenue, Danbury, Connecticut 06810. Telephone bids will be received by an authorized agent of Phoenix Advisors, LLC, the City’s Municipal Advisor, until 11:00 A.M. on the day of the sale at 203-797-4652.

June 18, 2019

News
City of Danbury's Preliminary Official Statement Available

The City of Danbury's Preliminary Official Statement, dated July 1, 2019 is available. 

Key Information:

General Obligation Bonds, Issue of 2019 : $7,000,000 (Due: Serially on July 15, 2020-2029)

Electronic bids via PARITY for the Bonds will be received until 11:30 A.M. (E.D.T.) on Tuesday, July 9, 2019
at Danbury City Hall, Finance Department Conference Room, 155 Deer Hill Avenue, Danbury, Connecticut 06810
.


_General Obligation Bond Anticipation Notes: $13,000,000 _ (Due: July 16, 2020)

Sealed proposals and electronic bids via PARITY for the Notes will be received until 11:00 A.M. (E.D.T.) on
Tuesday, July 9, 2019 at Danbury City Hall, Finance Department Conference Room, 155 Deer Hill Avenue, Danbury, Connecticut 06810. Telephone bids will be received by an authorized agent of Phoenix Advisors, LLC, the City’s Municipal Advisor, until 11:00 A.M. on the day of the sale at 203-797-4652
.


Please Note: The “Final Official Statement” will be posted no later than July 1st, 2019.

June 17, 2019

News
6-Story Apartment Complex Planned for Main Street in Danbury Read More: 6-Story Apartment Complex Planned for Main Street in Danbury

Brand new one and two bedroom apartments have been given the go-ahead for Main Street in Danbury.

Former NewsTimes Building - Instant Google Streetview

According to ctinsider.com, the new $13 million apartment complex called Brookview Commons II will be built where the NewsTimes building now stands at 333 Main St. Construction is scheduled to begin this fall.

Does downtown Danbury really need more housing? According to a master plan by city officials to revitalize the downtown's nightlife, the answer is Yes. The comprehensive research finds that more empty-nesters are selling their homes and are looking to move into the downtown area.

The 10-acre 375 apartment complex, Kennedy Flats has reached a 90% occupancy rate. Developer, Dan Bertram's plan is to build a six-story apartment complex that will include a second story outdoor pool that will overlook Main Street.

One and two bedroom apartments will rent between $1,400 to $2,600. The city's timeline has the demolition of the old News Times building beginning in the next couple of months. The new Main Street apartments are expected to take 18 months to construct.

June 16, 2019

News
New Apartments Coming to Main Street in Danbury

The $13-million, 150-apartment complex is slated to begin construction in the fall.

DANBURY, CT — A developer's plan to replace the 60,000-square-foot former News-Times building with a six-story apartment complex received city land-use approvals last week, the News-Times is reporting.

The $13-million, 150-apartment complex is slated to begin construction in the fall. The building, located at 333 Main St., is across the street from the 275-unit Kennedy Flats. That 10-acre residential complex was 90 percent rented last year when it was sold by the developer Greystar for $86 million.

Construction of the new apartments is expected to take 18 months, following the demolition of the existing building, which could now begin in as soon as a month.

By Rich Kirby, Patch Staff | Jun 17, 2019 8:57 am ET

June 5, 2019

News
Danbury Among Top U.S. Cities: New Report

DANBURY, CT —Danbury is among the top 50 cities in the U.S. with populations of less than a million, according to a new study. The report is from Resonance Consultancy, a marketing firm that specializes in destination branding. Resonance placed Danbury 43rd in its "small city" rankings. Danbury was ranked number 3 among small cities in the category of "people," right behind Ann Arbor, MI, and Boulder, CO, and number eight for "prosperity."

By Rich Kirby, Patch Staff | Jun 5, 2019 5:30 pm ET | Updated Jun 5, 2019 6:28 pm ET

May 7, 2019

News
The Best 5 Cities in Connecticut to Start a Business, Ranked

Local business is incredibly important in Connecticut: Small businesses make up 97% of Connecticut’s total businesses, and employ almost half of the state’s private workforce. And Connecticut takes small-business promotion seriously, offering a range of state-specific small business financing programs and Connecticut tax incentives that encourage business investment.

Connecticut is a promising state in which to start a small business—but where should you do it? Out of 169 towns and cities in the state, we found the five best cities in Connecticut to start a small business.

Danbury made #4 on this list!

April 10, 2019

News
Danbury Named to 'Most Diverse' List of US Cities

DANBURY, CT — A financial website compared the profiles of cities across 5 major diversity categories.  Danbury has just been named among the most diverse in the nation by a financial website.

The rankings also place Danbury as the most diverse city in the State of Connecticut and the 4th Most Diverse Small City in America. WalletHub compares the profiles of each city across five major diversity categories including socioeconomic, cultural, economic, household, and religion.

April 9, 2019

News
Danbury Mayor Mark Boughton Wants a new Metro-North link to Harlem Line for Faster Commute to New York City

Gov. Ned Lamont is not the only Connecticut politician clamoring for a new level of express train service from Connecticut to New York City.

Danbury Mayor Mark Boughton wants to use an abandoned commuter rail line to connect his city with Metro-North’s Harlem Line, which he said could save up to an hour on the commute to Grand Central Terminal.

It’s known as the Maybrook Line and it once served Danbury, Bethel, Newtown and Derby in Connecticut and Putnam, Dutchess and Orange counties in New York when it opened in the late 1880s.

April 3, 2019

News
No Tax Increase!

Mayor Mark Boughton is proposing a zero tax increase to your property taxes for the 2019-2020 fiscal year. #zerotaxincrease

This budget adds $5.1 million to our schools, $4.7 million for road repair/paving, and widely increases public safety measures throughout the city - with no change to the mill rate.

March 27, 2019

News
New Stores and Restaurants Planned for Danbury Fair Mall

For the first time in a decade, the Danbury Fair Mall is looking at expansion.

Another building is being planned for the access drive that circles the mall which would measure 22,000 square feet. In the process, 100 parking spaces would be eaten up for the expansion. According to Danbury Fair owners, Macerish,  96% of the mall's space is occupied which is up 4% over last year. If you could choose which stores are added to the Danbury Fair Mall expansion project, what would they be?

Ethan Carey; i95Rock.com| March 27, 2019

March 26, 2019

News
Two New Buildings Eyed for Danbury Fair Mall

In what could be Danbury Fair mall’s first significant addition in more than a decade, a pair of new structures are under consideration for the Macy’s corner of the retail center, with the goal of filling in new stores, restaurants or entertainment in the immediate orbit of the department store.

As the case at many malls nationally, Macy’s owns its anchor pad at Danbury Fair mall, with the city appraising the nearly 300,000-square-foot department store and its land at $17.4 million as of 2017.

February 14, 2019

News
Boughton to Amazon: Will you be Danbury’s valentine?

DANBURY — Mayor Mark Boughton courted a gigantic valentine this year with the news Thursday morning that Amazon is canceling its plans to build a second world headquarters in New York.

The social media-savvy mayor re-posted his cheeky video pitch to bring the global online commerce giant’s offices to Danbury with a Valentine’s Day twist.

Boughton and the city produced the video in 2017 when Amazon announced it was seeking applications from cities on where to locate its second headquarters offices. The video ends with Boughton standing in front of a stack of Amazon packages, asking an Amazon Echo device where the new headquarters should go. 

Related Articles: 

https://www.danbury-ct.gov/danbury-makes-pitch-amazon-second-headquarters/

https://www.newstimes.com/local/article/Boughton-asks-where-Amazon-should-locate-new-HQ-12197887.php

November 6, 2018

News
Danbury Leads CT in 5-Year Job Growth; 41st in Ranking of 50 States’ Leaders

When job growth is measured over the past five years, Danbury leads the way in Connecticut. An analysis of changes in employment figures between 2013 and 2018 from the 381 metropolitan areas defined by the U.S. Census Bureau focused on the leading city in each state, and ranked them. The analysis, by the website howmuch.net, found that Danbury - which saw job growth of 6.6 percent - outpaced Connecticut’s largest cities, but that the leading city in 40 of the 50 states had a stronger track-record.

April 29, 2018

News
Diverse Economy Fuels Danbury Job Market

“In many ways, Danbury is the forgotten city in Fairfield County up north here,” said P.J. Prunty, executive director of the Greater Danbury Chamber of Commerce. “These statistics show that people are attracted to a city that has opportunity and good employment. It’s growing, and that’s a good thing. People are voting with their feet by moving here.”

The Danbury Labor Market Area boasts the lowest unemployment rate of the nine LMAs in the state. At 3.9 percent, the Danbury LMA outpaces the state unemployment rate of 4.5 and also tops the U.S. rate of 4.1 percent.

February 13, 2018

News
Danbury Named Best City to Live in Connecticut

DANBURY -A new list has been released of the best cities to live in every state, and the top city in Connecticut is Danbury.

According to 24/7 Wall Street, Danbury is also one of the most expensive places in the U.S. Goods and services cost an average of over 30 percent more in the area than they do nationwide.

Even though the city has a high cost of living, it's the most livable city in the state and one of the most livable cities in the U.S. Danbury boasts a higher concentration of restaurants, theater companies and sports teams than is typical nationwide. The city also has a high concentration of nature parks, recreation centers, and golf courses.

News
Danbury is Among Connecticut's 25 Safest Large Cities

Large cities are based on a population of at least 36,000 residents. Danbury is the #11 Safest City in Connecticut. The 25 safest cities in Connecticut all have impressive safety ratings, ranging from 92.71 to 62.45. The overall crime stats in this state are on the lower end compared to the national averages. Most of the cities in Connecticut have been seeing a decline in violent and property crimes, or no change at all to their already low crime rates.