Bridgeport Budget Proposal Slashes Mill Rate, Boosts Schools and Services
Mayor Ganim’s Budget Proposes Lowest Mill Rate in Decades; Historic Local Funding for Schools and Free Park Stickers for Residents Ganim’s Budget Proposal Also Includes Expansion of Senior and Veteran Tax Relief, Expansion of Supervised Balloting, and Significant Increase in Library Funding Mayor Joseph P. Ganim has officially submitted his proposed Fiscal Year 2026-2027 operating budget to the Bridgeport City Council, highlighting a major shift in the city’s financial outlook. Driven by a 62.5% increase in the Grand List to $13 billion, the proposal calls for a reduction in the mill rate from 43.45 to 27.75, marking the lowest level seen in decades. The proposed budget leverages significant economic growth to provide taxpayer relief while investing in key areas such…