Bridgeport News: Ganim Freezes Spending/Hiring
BRIDGEPORT, CT – Mayor Joe Ganim today announced that the city and his administration are anticipating that the Governor’s Interim Budget Proposal will fall short up to $27 million dollars in municipal funds for the City of Bridgeport. In wake of the uncertainty of financial funding from the state, the city will proceed cautiously with expenditures until the State budget is resolved. After discussions with other cities and towns and their OPM Finance Directors, the financial forecast for all municipalities is grim. Mayor Ganim is reviewing all City of Bridgeport departments, all city spending, and possible budget cuts to support expenditure savings. Everything is on the table for review including budget cuts on municipal projects, putting a hold on personnel increases,…