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Fairfield CFO hired to lead Norwalk’s Finance Department

(Contributed)

Mayor Harry Rilling has hired Jared Schmitt as Norwalk’s new Chief Financial Officer.

Schmitt has been Fairfield CFO for more than three years. He replaces Henry Dachowitz, who resigned in December.

Schmitt will begin work April 2, a news release said.

“We are excited to welcome Jared Schmitt as our new CFO,” Rilling is quoted as saying. “Schmitt brings a wealth of public financial management experience to the City of Norwalk from the state and local levels and is very knowledgeable about municipal bond sales, capital planning, budget management, risk management and more. Most recently, he served as CFO for the Town of Fairfield, and I look forward to having him on our team and know that the City will benefit from all the expertise he brings.”

Norwalk is deep into its budget process in a tough financial environment.

“Schmitt brings over 16 years of public sector financial management experience to the City of Norwalk,” the news release said. As Fairfield CFO, Schmitt “oversaw and managed a $350 million budget for the municipality. “

Norwalk’s recommended budget is $427 million.

Schmitt “also managed the municipality’s annual bond sale and supervised the Finance, IT, Assessor, Tax Collector and Purchasing Departments. As CFO, he expanded grant-writing opportunities, helping to bring in approximately $12 million to Fairfield and implemented a new capital planning process to help improve transparency and support the implementation of additional capital projects.

“Prior to being CFO for the Town of Fairfield, Schmitt worked in the CT General Assembly as Director of Caucus Research,” the news release continued. “In this capacity, he served as director of state budget analysis for a legislative caucus and was involved in state budget negotiations and analyzing the allocation and distribution of municipal grants. Prior to this position, he served as the Affordable Housing Development Specialist for Mutual Housing Association of South Central CT, where he worked closely with economic development directors, CEOs and stakeholders on analyzing housing development viability.

“I am honored to be selected as the next CFO for the City of Norwalk,” Schmitt is quoted as saying. “I look forward to working with Mayor Rilling and his team and am excited to continue Norwalk’s tradition of strong financial management.”

“Schmitt also served in the U.S. Army, where he graduated from their Defense Language Institute and enlisted as a Voice Interceptor, Spanish Linguist,” the news release said. “Schmitt lives in Orange, CT, with his family, and in his free time, enjoys woodworking and golf.”

Comments

4 responses to “Fairfield CFO hired to lead Norwalk’s Finance Department”

  1. Bryan Meek

    Awesome. A Hartford insider. One of the architects of the worst state debt per capita in the nation to the rescue. What could possibly go wrong?

    In other news I see we bought another EV on the cheap, only $61k. Now it can keep the other one we bought that is collecting dust company.

  2. Fred Wilms

    Excellent hire! I had the privilege of working four years with Jared in the State House. He was instrumental in crafting the fiscal guardrails that are turning CT’s finances around. He then worked with the town of Fairfield. So Jared has extensive CT state and municipal financial experience.
    The Norwalk revaluation is going to slam residential property owners (big time) so it is vital we have a steady hand at the wheel.

    1. John O’Neill

      Good to hear Fred — It is my hope Jared can continue the fiscal oversight begun by Henry Dachowitz. Speaking of Revaluation:
      What’s surprising to me is the limited coverage the impact of revaluation is getting. While I give the Rilling administration credit for burying the story, I wonder why there hasn’t been more reporting done on it. Considering many Norwalkers drive cross town to save $.05/gallon on gas, one would think local publications would consider the cost implications of revaluation important enough to investigate. Maybe I’m wrong.

  3. Thomas Belmont

    After we get another “slam-big time” is there any recourse ; any good old American protest to Norwalk succumbing to outside influence that benefits no resident. How much shall we pay to those outside interests. Do these things improve our lives? What’s the big plan? Is Hartford planning us? Washington D.C.? How many more super housing buildings to come?

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