Political newcomer Miles seeks GOP nod for finance board
A 15-year Fairfield resident, Miles said in a news release he would seek nomination during the GOP caucus on Tuesday, July 23. Republicans will nominate two candidates for six-year terms.
In the release, Miles said the next decade is likely to bring "significant financial challenges." Securing a strong financial future, he said, "requires experience and insight to see how current fiscal decisions can affect the town's longer-term financial flexibility and strength."
He has 25 years experience in corporate, nonprofit and public finance, according to the release. Miles currently is a managing director of NewOak Capital LLC, a New York City-based, broker-dealer and financial advisor. He previously worked for Citibank and Octagon Credit, a privately-owned asset manager.
Miles has served as a municipal-finance advisor to regulators, insurance companies and investors, he said, and is experienced in identifying the long-term consequences of budget decisions.
"I intend to use this experience to provide residents with a clear and balanced view of Fairfield's current financial policies and their likely effects on the future," he said in the release
Miles said that while Fairfield is one of only 22 Connecticut municipalities to retain the highest credit ratings of both Moody's Investors Service Inc. and Standard & Poors, the town is not immune from continuing fiscal pressures.
"The Board of Finance must have foresight and vigilance to ensure continued financial strength," he said.`
He lives in Southport with his wife, Carolyn, and their three children.