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NJ State Assembly Honors David Spaulding
Recognized for Years of Public Service


Somerset, NJ – February 9, 2004. The SNew Jersey State General Assembly honored David Spaulding, president of The Spaulding Group and publisher of The Journal of Performance Measurement®, on Thursday February 5, 2004 with a resolution which was sponsored by Assemblyman Upendra Chivukula. David was receognized for his many accomplishments while serving as Mayor of the Township of North Brunswick (NJ), as well as his prior two years as councilman (one as council president). His 4-year term as mayor ended December 31, 2003.

The resolution states that "The Honorable David Spaulding has served the Township of North Brunswick with distinction." It acknowledged "his energetic style of leadership and abiding sense of commitment" and his "efforts to stabalize municipal property taxes, his programs to honor North Brunswick individuals, his Road Reconstruction Program, his new programs for senior citizens, and his appointment of the twonship's first Economic Development Director."

During the four years he served as mayor, property taxes went up a mere 1.4%, which annualizes to only 0.36%, in spite of a reduction in state aid. The new senior programs Dave championed included an annual "senior prom," holiday dinner/dance, and senior conference.

Dave Spaulding stated, "I was extremely pleased to have had the honor to serve my community during the past four years. I had the good fortune of having a terrific management team and dedicated employees who were critical to our success. I am grateful to our Assemblyman, Upendra Chivukula, for arranging this resolution.

"Much of our success can be attributed to my stated intention to run the township like a business. This included finding alternative resources for revenue (other than relying primarily on property taxes), holding people accountable, and recognizing individuals."

The Township of North Brunswick has approximately 38,000 residents and approximately 300 township employees. As mayor, Dave was chief executive officer of the township. His responsibilities included the township's $30+ Million budget and making appointments, including two municipal judges. He also performed over 250 weddings.

The Spaulding Group, Inc. is an information provider and management consulting firm that serves the money management industry in the areas of performance measurement and reporting, computer technology, operations, and marketing. TSG publishes The Journal of Performance Measurement®, a quarterly publication they launched in 1996, and hosts the Performance Measurement Forum. Through its Institute of Performance Measurement, the firm offers performance measurement training, including a two-day introductory course on performance measurement, a one-and-a-half-day course on performance attribution, and a one-day performance measurement course for plan sponsors and consultants. TSG also hosts an annual Performance Measurement, Attribution and Risk Conference (PMAR™) scheduled for May 17-18, 2004 in New York City.The company was founded in 1990 by David Spaulding and provides performance resources to financial institutions throughout the world. Other details about TSG's services may be obtained from its website: www.SpauldingGrp.com.

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