Former Deputy Police Chief Drew Sisk was sworn in as Bayonne Police Chief this month. His desk now overlooks two large televisions mounted on his office wall that display real-time police dispatches. He’s in charge now of overseeing the entire department, taking over from retired Police Chief Drew Niekrasz, who was in Sisk’s graduating class of 1988 at the Jersey City Police Academy. “I actually wanted to be a mortician,”Sisk revealed. “I was an apprentice mortician for a brief amount of time before I decided on a career as a police officer.” Sisk attended mortuary school, learning about embalmment and driving hearses. But Sisk was inspired by family and friends who were joining the police ranks. He said he intends to build on the policies of former Police Chief Niekrasz, who was instrumental in modernizing the department’s technology. “He was a real tech guy and made very important advancements here at the department,” Sisk said. “We owe a lot to Chief Niekrasz.” Click here for more.The Bayonne Board of Education (BBOED) hired back 116 teachers at a special meeting on Thursday, July 6, after laying off nearly 300 staff members in the spring to ease a substantial budget shortfall unearthed in November. The reinstatements bring the total number of staff brought back to 204. Parents and teachers crowded around a bulletin board, where notices of the reinstatements were posted before the start of the meeting, relaying the good news to friends in the crowd with thumbs up. The news comes right after the State Legislature agreed on a new school funding formula, in which Bayonne would receive six percent more than what Gov. Christopher Christie proposed in his “Fairness Formula,” amounting to about $3.2 million. Click here for more. × Cities across the country are in revival mode. Neighborhoods once isolated are now connected. Once dangerous roads are now safer for pedestrians and cyclists.Towns are facilitating projects that bring with them increased commerce and housing. But those projects need financing, and when a city doesn’t have enough money, it borrows. Typically, municipalities issue municipal bonds to cover the costs of a project, which a bank underwrites. Then,the municipal government pays interest to the bondholders using residents’ taxes. Meanwhile, bondholders live all over the world, oblivious to the projects they’re helping to finance and the community paying them interest. Bonds can also be part of an index fund managed by a securities firm, so investors do not have a direct relationship with the projects they finance. That’s the old way of municipal finance. But today, cities are experimenting with new financial technologies that can tap financial resources from more people at the local level, giving residents investment opportunities and a stake in the project’s success. They’re called “mini-bonds.” Like the name suggests, mini-bonds are types of municipal bonds that are issued in smaller denominations. While the threshold to purchase a municipal bond is $5,000, mini-bonds can be issued in denominations of $500 or $1,000, or however much a municipality decides. Purchasers are paid back in tax-free interest over the bond’s life span. Click here for more.
Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A 47-year-old Levittown woman was fatally struck by a vehicle on the East End over the weekend.New York State police said April L. Valera was crossing Old Country Road when she was hit by a westbound vehicle at the corner of Kroemer Avenue in Riverhead at 11:30 p.m. Sunday.The victim was taken to Peconic Bay Medical Center, where she was later pronounced dead. No criminality is suspected.Police ask anyone with information on the crash to call them at 631-756-3300.
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M² Subsea has appointed Andrew Imrie as global sales and marketing director.As global sales and marketing director, Imrie will spearhead M² Subsea’s drive to expand its international offering from its hubs in Aberdeen and Houston. He will be based at the company’s headquarters in Aberdeen and will join the main board alongside Mike Arnold, Mark Wood and Stuart Bannerman.Imrie joins M² Subsea from Ampelmann where he was commercial director, based in the Netherlands.Prior to this, he held a number of senior roles with Proserv, Amec, GE Oil & Gas and National Oilwell Varco.Mike Arnold, CEO of M² Subsea said: “Our rapid growth has required us to take a more focused commercial approach over the past 12 months. We are looking to expand both in the UK and the US, while actively targeting other markets where we see huge growth potential, such as the Middle East and Asia.“With Andrew’s wealth of new business expertise, he will be pivotal to ensuring we achieve our business goals, building on the great progress we have made to date, while further strengthening our partnerships, capabilities and geographic reach.”Andrew Imrie said: “This is a hugely exciting time to be joining a company which has such an ambitious global strategy. M² Subsea has achieved a lot in a very short space of time and has worked hard to position itself as the industry leading provider of ROV project management and engineering services worldwide.“I look forward to working closely with the team to maximize the opportunities in the offshore market, both at home and overseas.”