Burlington Telecom officials were greeted with much skepticism by regulators in their request yesterday to borrow more money from the City of Burlington’s cash pool in an effort to make an interest payment on existing debt. The $386,673 interest payment to CitiCapital Municipal Finance is due Wednesday. The Vermont Public Service Board and staff did not make a final decision, but their line of questioning cast much doubt on the wisdom on borrowing more money to cover debt that the city-owned telecom company already cannot cover.Burlington Telecom, which offers telephone, television and Internet services and has 4,600 subscribers, already owes the city $16.95 million. It is also in violation of its charter for not repaying the loan to the city within 60 days.
15SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Credit unions can talk all they want about data analytics, but putting those tools in place won’t mean much without an analytics culture.That’s the word from two former credit union executives – Brewster Knowlton, principal of the Knowlton Group and Rich Jones, principal of Leading2Leadership – who spoke during the Analytics and Financial Innovation conference here.“Technology is the easy part of the process,” explained Knowlton. “When we say analytics or data, people think IT. The last thing that comes to their mind is change of management or cultural transformation.”Too often, Knowlton explained, credit unions build a data warehouse and consider the work done. “That doesn’t solve the rest of the organization’s challenges,” he said. “How do we actually get that adoption? It starts with establishing stakeholder needs [and] getting to the point where you’re getting collaboration between departments.” continue reading »