Do you have questions about economic terminology? A public service lecture is being provided in Danbury tonight by Ridley-Lowell Business & Technical Institute. Some of the topics to be covered include how the city calculates mill rate, what is bonded money, and what is a tax deferral. City Councilman Andrew Wetmore, who is also Ridley-Lowell’s admissions representative, will lead the discussion.
Wetmore says he's been surprised by how many people 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.
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.
The free lecture is from 5:45 to 7:30 pm.