House Republican Press Release

October 15, 2007

Press Office: 860-240-8700

REP. FLOREN: FORMER ADMINISTRATOR APPOINTED TO STATE BOARD

GREENWICH- State Rep. Livvy R. Floren (R-149) today announced that former Greenwich Town Administrator Edward Gomeau has been appointed to the state Businesss Tax Credit & Tax Policy Review Committee by State House Republican Leader Lawrence F. Cafero Jr., R-Norwalk. Rep. Floren submitted Mr. Gomeau’s name for consideration for the committee.

The Businesss Tax Credit & Tax Policy Review Committee  is responsible for studying and evaluating all the existing credits against the corporation business tax, evaluate changes or modifications made to such tax, and consider further changes in policy regarding the taxation of businesses.

The study shall include the following policies: (1) Has the credit or policy provided a benefit to the state in terms of (A) measurable economic development, (B) new investments in the state, (C) new jobs or retention of existing jobs, or measurable benefits for the workforce in the state; (2) is there sufficient justification to continue the credit or policy as it currently exists or is it obsolete; (3) could the credit or policy be more efficiently administered as part of a broad-based credit or policy; and (4) does the credit or policy add unnecessary complexity in the application, administration and approval process for the corporation business tax.

The committee is also tasked with analyzing the history, rationale and estimated revenue loss as a result of each tax credit or policy change, and recommend revisions necessary to change the tax by eliminating or changing any redundant, obsolete or unnecessary tax credit or any credit or tax policy that is not providing a measurable benefit sufficient to justify any revenue loss to the state.

Mr. Gomeau is the former Chief Financial Officer and Town Administrator for the Town of Greenwich. He currently is the Director of Finance and Operations for North Haven Public Schools. He received his Bachelor’s Degree in Business Administration from Bryant College and his Masters in Business Administration from Suffolk University.

Rep. Floren said, "Edward Gomeau is superbly qualified. He has spent his entire adult life working and understanding the financial needs of municipalities. He will be an enormous addition to the Businesss Tax Credit & Tax Policy Review Committee and I am delighted by his appointment."