by Allan Appel | Mar 20, 2018 8:10 am | Comments (11)
On the evening of her first day on the job, new city schools Superintendent Carol Birks got a long earful about deficits, the budgeting process, and whether money might be saved in transportation costs if high schoolers took public transit and routes were reconfigured.
Continue reading ‘Birks Dives In; Board Digs In On Transit’
by Thomas Breen | Mar 16, 2018 12:18 pm | Comments (6)
The city is still wrestling with a projected $14.4 million deficit for the fiscal year that ends June 30, according to a recent financial update from the city’s budget director. The projected deficit is evenly split between the city budget and the Board of Education budget.
Continue reading ‘City Projects $14.4M Deficit For Current Year’
by Paul Bass | Mar 16, 2018 7:57 am | Comments (24)
According to one new calculation, the state is filling New Haven’s coffers to the brim with cash.
According to another calculation, the state is starving New Haven of cash, leading the city to consider raising taxes 11 percent.
Continue reading ‘Battle Of The Spreadsheets’
by Thomas Breen | Mar 13, 2018 8:18 am | Comments (57)
The Harp Administration pitched alders on granting permission to borrow up to $250 million this coming fiscal year to help shore up an underfunded city employee pension fund that is struggling to keep up with spiraling unfunded liabilities.
Continue reading ‘$250M In Borrowing Pitched For Pensions’
by Paul Bass | Mar 6, 2018 8:53 am | Comments (25)
Whether or not other mayors join her, Mayor Toni Harp has instructed her legal staff to prepare a lawsuit against the state for failing to reimburse New Haven fully for revenue lost on tax-exempt properties.
Continue reading ‘Harp Explores Suing State Over PILOT’
by Thomas Breen | Mar 2, 2018 5:49 pm | Comments (74)
Mayor Toni Harp is calling for a 11 percent tax increase and a $1 million reduction in the rainy day fund in a proposed new city budget that she described as the most difficult one she has ever had to draft.
It includes 11 new positions and assumes the city will receive millions of dollars in new contributions from big not-for-profits like Yale and labor union concessions.
Continue reading ‘Mayor Proposes 11% Tax Hike’
by Christopher Peak | Feb 27, 2018 8:41 am | Comments (10)
After weeks of deriding the idea of asking for a $10 million budget increase, the Board of Education voted to send that request to the mayor anyway, without putting a contingency plan in place for making cuts.
Continue reading ‘Ed Board Asks For That $10M After All’
by Christopher Peak | Feb 22, 2018 6:22 pm | Comments (9)
The cash-strapped Board of Ed held off on renewing 11 facilities contracts that would make a major dent in next year’s budget, while it recommended OKing a consultant contract that nicks into this year’s already-overdrawn budget.
Continue reading ‘11 School Contracts Tabled’
by Christopher Peak | Feb 13, 2018 9:22 am | Comments (18)
Expressing a willingness to make tough decisions, the Board of Education voted for staff to come up with $10 million in possible cuts for next year — even if that means closing schools.
Continue reading ‘Schools, Doubting Bailout, Plan $10M Cut’
by Christopher Peak | Feb 6, 2018 3:00 pm | Comments (17)
The Board of Education will likely request a $10 million dollar budget increase from the city — a bump that reflects the challenge of maintaining current services with diminished revenue.
Continue reading ‘Schools Eye $10M City Budget Increase’