Lamont signs bill that could aid Valley Development Corp. mycitizensnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mycitizensnews.com Daily Mail and Mail on Sunday newspapers.
Thomas Hyde. Contributed
WATERBURY The board of the Naugatuck Valley Regional Development Corp. has adopted a nearly $450,000 operating budget for the coming fiscal year. Waterbury Mayor Neil M. O’Leary and Naugatuck…
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By Andreas Yilma, Staff Writer
NAUGATUCK â The borough will pay about 30% of the salary for the CEO of the newly formed Naugatuck Valley Regional Development Corp. next fiscal year.
The Board of Mayor and Burgesses on April 27 unanimously approved paying $45,000 of Naugatuck Valley Regional Development Corp. CEO Thomas Hydeâs $150,000 salary. Waterbury is paying the rest, according to officials.
Naugatuck and Waterbury launched the regional development agency last January with the intent that the quasi-public corporation will be responsible for large-scale economic development efforts with multi-town benefits and involvement.
âHaving that unified voice in the Valley, the area can get a larger share of the funding that is available,â Hyde said. âThat is the hope.â
Lamont's budget recommends more trains for Waterbury line mycitizensnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mycitizensnews.com Daily Mail and Mail on Sunday newspapers.