2 datasets found
  1. O

    Public Investment Community Index

    • data.ct.gov
    • catalog.data.gov
    application/rdfxml +5
    Updated Jul 12, 2024
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    Office of Policy and Management (2024). Public Investment Community Index [Dataset]. https://data.ct.gov/w/t8hb-sagg/wqz6-rhce?cur=GUmWClL8zP-
    Explore at:
    tsv, application/rssxml, csv, xml, json, application/rdfxmlAvailable download formats
    Dataset updated
    Jul 12, 2024
    Dataset authored and provided by
    Office of Policy and Management
    License

    U.S. Government Workshttps://www.usa.gov/government-works
    License information was derived automatically

    Description

    The Office of Policy and Management (OPM) prepares the Public Investment Community (PIC) index not later than July 15 annually, pursuant to §7-545 of the Connecticut General Statutes (CGS).

    The PIC index measures the relative wealth and need of Connecticut’s towns by ranking them in descending order by their cumulative point allocations for: (1) per capita income; (2) adjusted equalized net grand list per capita; (3) equalized mill rate; (4) per capita aid to children receiving Temporary Family Assistance program benefits; and (5) unemployment rate.

    Pursuant to CGS §7-545 the PIC index includes each town that has a cumulative point ranking in the top quartile of the PIC Index (i.e. the 42 towns with the highest number of points). When a town’s ranking falls below the top quartile in a given fiscal year, the town's designation as a Public Investment Community continues for that year and the following four fiscal years. As a result, the PIC index includes certain towns carried over from previous fiscal years.

    The PIC index determines eligibility for several financial assistance programs that various agencies administer, including:

    -Urban Action Bond Assistance -Small Town Economic Assistance Program -Community Economic Development Program -Residential Mortgage Guarantee Program -Education Cost Sharing -Malpractice Insurance Purchase Program -Connecticut Manufacturing Innovation Fund -Enterprise Corridor Zone Designation

    Most of the towns included on the PIC index are eligible to elect for assistance under the Small Town Economic Assistance Program (STEAP) in lieu of Urban Action Bond assistance, pursuant to CGS §4-66g(b). An eligible town’s legislative body (or its board of selectmen if the town’s legislative body is the town meeting) must vote to choose STEAP assistance and the town must notify OPM following the vote. STEAP election is valid for four years and the statute allows extensions for additional four-year periods.

    STEAP election is not available for Ansonia, Bridgeport, Bristol, Danbury, East Hartford, Enfield, Groton, Hartford, Killingly, Manchester, Meriden, Middletown, New Britain, New Haven, New London, Norwalk, Norwich, Stamford, Torrington, Vernon, Waterbury, West Hartford, West Haven, and Windham.

    Pursuant to CGS §7-545, the following municipalities are also Public Investment Communities:
    Groton Montville Preston Scotland Thomaston Thompson Voluntown Wethersfield

  2. g

    Public Investment Community Index | gimi9.com

    • gimi9.com
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    Public Investment Community Index | gimi9.com [Dataset]. https://gimi9.com/dataset/data-gov_public-investment-community-index
    Explore at:
    Description

    The Office of Policy and Management (OPM) prepares the Public Investment Community (PIC) index not later than July 15 annually, pursuant to §7-545 of the Connecticut General Statutes (CGS). The PIC index measures the relative wealth and need of Connecticut’s towns by ranking them in descending order by their cumulative point allocations for: (1) per capita income; (2) adjusted equalized net grand list per capita; (3) equalized mill rate; (4) per capita aid to children receiving Temporary Family Assistance program benefits; and (5) unemployment rate. Pursuant to CGS §7-545 the PIC index includes each town that has a cumulative point ranking in the top quartile of the PIC Index (i.e. the 42 towns with the highest number of points). When a town’s ranking falls below the top quartile in a given fiscal year, the town's designation as a Public Investment Community continues for that year and the following four fiscal years. As a result, the PIC index includes certain towns carried over from previous fiscal years. The PIC index determines eligibility for several financial assistance programs that various agencies administer, including: -Urban Action Bond Assistance -Small Town Economic Assistance Program -Community Economic Development Program -Residential Mortgage Guarantee Program -Education Cost Sharing -Malpractice Insurance Purchase Program -Connecticut Manufacturing Innovation Fund -Enterprise Corridor Zone Designation Most of the towns included on the PIC index are eligible to elect for assistance under the Small Town Economic Assistance Program (STEAP) in lieu of Urban Action Bond assistance, pursuant to CGS §4-66g(b). An eligible town’s legislative body (or its board of selectmen if the town’s legislative body is the town meeting) must vote to choose STEAP assistance and the town must notify OPM following the vote. STEAP election is valid for four years and the statute allows extensions for additional four-year periods. STEAP election is not available for Ansonia, Bridgeport, Bristol, Danbury, East Hartford, Enfield, Groton, Hartford, Killingly, Manchester, Meriden, Middletown, New Britain, New Haven, New London, Norwalk, Norwich, Stamford, Torrington, Vernon, Waterbury, West Hartford, West Haven, and Windham. Pursuant to CGS §7-545, the following municipalities are also Public Investment Communities: Groton Montville Preston Scotland Thomaston Thompson Voluntown Wethersfield

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Share
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Click to copy link
Link copied
Close
Cite
Office of Policy and Management (2024). Public Investment Community Index [Dataset]. https://data.ct.gov/w/t8hb-sagg/wqz6-rhce?cur=GUmWClL8zP-

Public Investment Community Index

Explore at:
2 scholarly articles cite this dataset (View in Google Scholar)
tsv, application/rssxml, csv, xml, json, application/rdfxmlAvailable download formats
Dataset updated
Jul 12, 2024
Dataset authored and provided by
Office of Policy and Management
License

U.S. Government Workshttps://www.usa.gov/government-works
License information was derived automatically

Description

The Office of Policy and Management (OPM) prepares the Public Investment Community (PIC) index not later than July 15 annually, pursuant to §7-545 of the Connecticut General Statutes (CGS).

The PIC index measures the relative wealth and need of Connecticut’s towns by ranking them in descending order by their cumulative point allocations for: (1) per capita income; (2) adjusted equalized net grand list per capita; (3) equalized mill rate; (4) per capita aid to children receiving Temporary Family Assistance program benefits; and (5) unemployment rate.

Pursuant to CGS §7-545 the PIC index includes each town that has a cumulative point ranking in the top quartile of the PIC Index (i.e. the 42 towns with the highest number of points). When a town’s ranking falls below the top quartile in a given fiscal year, the town's designation as a Public Investment Community continues for that year and the following four fiscal years. As a result, the PIC index includes certain towns carried over from previous fiscal years.

The PIC index determines eligibility for several financial assistance programs that various agencies administer, including:

-Urban Action Bond Assistance -Small Town Economic Assistance Program -Community Economic Development Program -Residential Mortgage Guarantee Program -Education Cost Sharing -Malpractice Insurance Purchase Program -Connecticut Manufacturing Innovation Fund -Enterprise Corridor Zone Designation

Most of the towns included on the PIC index are eligible to elect for assistance under the Small Town Economic Assistance Program (STEAP) in lieu of Urban Action Bond assistance, pursuant to CGS §4-66g(b). An eligible town’s legislative body (or its board of selectmen if the town’s legislative body is the town meeting) must vote to choose STEAP assistance and the town must notify OPM following the vote. STEAP election is valid for four years and the statute allows extensions for additional four-year periods.

STEAP election is not available for Ansonia, Bridgeport, Bristol, Danbury, East Hartford, Enfield, Groton, Hartford, Killingly, Manchester, Meriden, Middletown, New Britain, New Haven, New London, Norwalk, Norwich, Stamford, Torrington, Vernon, Waterbury, West Hartford, West Haven, and Windham.

Pursuant to CGS §7-545, the following municipalities are also Public Investment Communities:
Groton Montville Preston Scotland Thomaston Thompson Voluntown Wethersfield

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