Chris Malloy (D)
Stamford Board of Finance 2025 Election
Local Business Owner
With ten years of corporate banking experience and 15 years of running a local business in Stamford, I have valuable insight into capital markets, current economic conditions as well as the unique challenges faced by our business community. I earned a BA in Economics and an MBA in Finance where I gained strong analytical skills that can be applied to bond rating maintenance and long-term strategic planning.
As a someone who grew up in Stamford and attended Stamford Public Schools, I have deep connections to our city. I am eager to bring my skill set to Stamford’s Board of Finance.
As a someone who grew up in Stamford and attended Stamford Public Schools, I have deep connections to our city. I am eager to bring my skill set to Stamford’s Board of Finance.
The most significant long-term fiscal challenge facing Stamford is sustaining our tax base amid stagnating office property values, rising capital needs for schools, and increasing affordability pressures, all while maintaining Stamford’s strong reserves and high credit rating.
To address this, my recommendation is threefold:
• Sequence capital projects: Implement a long-term plan for school and infrastructure projects. This proactive approach allows for predictable annual expenditures. This guards against sudden tax rate spikes that can burden residents and businesses.
• De-risk major investments: Standardize design and construction for school projects and other large capital investments. This approach reduces cost overruns, shortens timelines, and creates savings that can be reinvested in our community.
• Strengthen the commercial tax base: Collaborate with the business community to repurpose and revitalize office spaces, attract new employers, and incentivize investment. Growing the commercial grand list helps balance the tax burden and sustain city services without overburdening homeowners.
To address this, my recommendation is threefold:
• Sequence capital projects: Implement a long-term plan for school and infrastructure projects. This proactive approach allows for predictable annual expenditures. This guards against sudden tax rate spikes that can burden residents and businesses.
• De-risk major investments: Standardize design and construction for school projects and other large capital investments. This approach reduces cost overruns, shortens timelines, and creates savings that can be reinvested in our community.
• Strengthen the commercial tax base: Collaborate with the business community to repurpose and revitalize office spaces, attract new employers, and incentivize investment. Growing the commercial grand list helps balance the tax burden and sustain city services without overburdening homeowners.
Rebuilding Westhill High is a generational investment in Stamford’s future. While pay-as-you-go funding is ideal for keeping long-term debt low and strengthening our city’s financial position, the size of this project requires a hybrid approach blending both bonding and pay-as-you-go transfers.
The specific ratio should be determined based on capital market conditions and Stamford’s overall debt capacity at the time we secure financing.
The specific ratio should be determined based on capital market conditions and Stamford’s overall debt capacity at the time we secure financing.