Bridgeport News: Ganim Approves Budget
Bridgeport, CT –Mayor Joe Ganim today approved and signed the 2018-2019 fiscal year budget that was presented by the City Council. The FY2019 budget reflects a $9.8 million decrease in appropriations when compared to FY2018 while allocating an additional $1.7million for our libraries as well as a $1million increase in education funds. Prudent actions taken by the administration will also save millions of dollars by refinancing debt and municipal spending. The total FY2018-2019 Council Adopted General Fund Operating budget amount is $557.4 million versus $567.3 million in FY2017-2018. “Due to prior year reductions in state funding, my administration knew it would be challenging to balance this FY2019 budget.” said Mayor Ganim. “Public safety along with education and enrichment continue to be…
