CIRMA Member Equity Distribution Check for South Windsor

 

New Haven, July, 2017– The Connecticut Interlocal Risk Management Agency presented Mr. Matthew Galligan, Town Manager of the Town of South Windsor, with a check for $70,539, their prorated share of CIRMA’s $5 Million Members’ Equity Distribution for 2017.

 

"This year’s Members’ Equity Distribution was the result of excellent operational performance, financial strength, and of the success of our members’ risk management efforts," said David Demchak, President and CEO, CIRMA. "CIRMA’s mission is to help our members build stronger, safer communities to live, learn, and work in, and the Members’ Equity Distribution program plays a vital role in this effort," he further noted.

 

Barbara Henry, First Selectman of Roxbury and CIRMA Chairman of the Board, said, "The Board of Directors is pleased to be returning a share of its equity to its owners — CIRMA members. CIRMA has achieved its mission of delivering rate stability in support of our members’ need for budget stability."

 

The 2017 distribution is the sixth and largest distribution made in the seven years of the program. CIRMA began its Members’ Equity Distribution Program in 2011, and has distributed a total of $19.7 Million to its member municipalities, public schools, and local public agencies.

 

For more information about CIRMA’s Members’ Equity Distribution Program, please visit

www.CIRMA.org/distribution. Please see the attached press release for further information.