Danbury Business & Technical Institute Sponsors Free Lecture

From Ridley-Lowell Business & Technical Institute:

DANBURY, CT – APRIL 18 – How the city calculates mill rate, what is bonded money, and what is a tax deferral, are some of the topics to be discussed at a free lecture on “Economic Terminology,” May 4, 5:45 to 7:30 p.m., sponsored by Ridley-Lowell Business & Technical Institute, 44 Shelter Rock Road, Danbury.

Third-term Danbury City Councilman Andrew Wetmore, who is also Ridley-Lowell’s admissions representative, will discuss these topics and more. Wetmore, who previously was an assistant to the Danbury Judge of Probate and a former trustee of the Connecticut State University System, says that as a government representative he is often asked questions about economic terminology.

Surprisingly, he said, people often don’t understand what the Probate Court does, what inflation and deflation mean, or what bankruptcy is. Everyday economic terms regarding government, taxes, investing and borrowing, he said, are often misunderstood.

“Some people have no idea how any of this works, how their mill rate is calculated, or what their property taxes cover, so Ridley-Lowell is offering this talk as a public service.”

Several dozen common economic and financial terms will be defined.

The lecture is not intended to provide financial advice, but to provide a better understanding of basic language used in economics and how it applies to the average person. More specifically, the areas discussed will concern government, taxes, investing, and borrowing.

ABOUT RIDLEY-LOWELL

The family-owned Ridley-Lowell Business & Technical Institute offers classes in Electrical Systems Technician, Information Technology, Massage Therapy and Esthetics, Medical Assistant, Medical Administrative Assistant, Medical Billing, Coding Specialist, and more. It offers both day and evening classes, ranging in time from nine months to 20 months, depending on the program. Established in 1850, it is one of the oldest and most well-respected business and technical institutes in the country, with five campuses in Connecticut, New York and Rhode Island. www.ridley.edu 203-797-0551