New Independent Analysis of Bridgeport Finances
New Independent Analysis of Bridgeport Finances Finds City’s Bills Exceed its Assets by $1.7 Billion Bridgeport, Conn. (October 29, 2016) – The city of Bridgeport has only $223 million available to pay $1.9 billion worth of bills, leaving it with a $1.7 billion financial hole, according to a new independent analysis by the Truth in Accounting (TIA) think tank. The findings were released at a public forum today at the Bridgeport Public Library hosted by Citizens Working for Better Bridgeport Action Network. More than 100 Bridgeport residents turned out for the event, representing all parts of the city and a mix of political views and affiliations. Many expressed anger and frustration over their taxes and lack of real concern or…
