Bridgeport Approves Historic 40% Mill Rate Reduction
Mayor Ganim Announces Lowest Mill Rate in Decades; City Council Approves Historic 40% Mill Rate Reduction Bridgeport, CT – Mayor Ganim today celebrated the adoption of the City of Bridgeport’s Fiscal Year 2026–2027 budget, marking a historic milestone for residents, businesses, and taxpayers across the city. The mayor’s budget approved by City Council lowers Bridgeport’s mill rate by approximately 40%, reducing it to 27.95, the lowest level the city has seen in decades. The reduction follows unprecedented growth in Bridgeport’s grand list, which has risen to approximately $13 billion, reflecting increased property values, economic investment, and renewed confidence in the city’s future. The budget also includes historic investments in education, libraries, senior and veteran tax relief, public services, and neighborhood…
