by Thomas Breen | Dec 11, 2018 7:33 am | Comments (2)
The city’s Health Department plans to contract with a Middletown-based nurse temp agency to make up for a rash of unexpected vacancies and illnesses among city nurses — right at flu-shot crunch time.
Continue reading ‘Shots Needed — & Nurses Are Out’
by Thomas Breen | Dec 4, 2018 12:13 pm | Comments (5)
The two city pensions are each currently funded at around 40 percent, leaving roughly $700 million in unfunded liabilities.
A new task force consisting of alders, city staff, and pension fund trustees aims to try to figure out how that happened, as well as how to get those funding levels up.
Continue reading ‘Task Force Eyes $700M Pension Hole’
by Thomas Breen | Nov 30, 2018 8:05 am | Comments (23)
In its latest financial report, the city projects that police overtime will top $8 million by the end of the fiscal year — nearly double what the officials had initially budgeted.
Continue reading ‘Police Overtime Running 2X Over Budget’
by Markeshia Ricks | Nov 28, 2018 1:25 pm | Comments (28)
In a twist on her current budget roadshow, a Harp administration official asked neighbors for ideas about how to address the city’s fiscal challenges.
A hand went right up, and a suggestion followed: Stop budgeting state money the city doesn’t have and isn’t going to get.
Continue reading ‘Budget Roadshow Pivots In Newhallville’
by Thomas Breen | Nov 21, 2018 7:48 am | Comments (20)
The city has a revenue problem.
And if New Haven residents don’t want to bear that burden through higher property taxes, then they need to lobby the state legislature for increased tax-exempt-property reimbursements, fair education funding, a slice of the state’s sales tax receipts, and other state-enabled means for cities to raise more money.
Continue reading ‘Harp: State Must Let City Raise More Revenue’
by Staff | Nov 12, 2018 12:32 pm | Comments (3)
The city’s Columbus Day Parade ended in the black this year, and paid the city back for the thousands of dollars worth of police overtime that it incurred.
Continue reading ‘Columbus Parade Paid Its Bills’
by Thomas Breen | Nov 1, 2018 6:57 am | Comments (14)
The mayor has informed three dozen government managers that they must each take three unpaid days off over the next eight months to help alleviate the city’s fiscal stress.
Continue reading ‘Harp Orders 3-Day Furloughs’
by Thomas Breen | Oct 30, 2018 6:48 am | Comments (4)
Last year’s books are finally closed. And the city did indeed end its last fiscal year with an $11 million deficit.
Continue reading ‘New Report: City Ended Fiscal Year $11.09M In The Red’
by Christopher Peak | Oct 26, 2018 7:32 am | Comments (19)
A new city board is weighing whether to invest a small sum in the stock market in the hopes of eventually earning back at least a hundred million dollars that it owes to its public employees.
Continue reading ‘Can Daryl Jones Turn $3M Into $592M?’
by Thomas Breen | Oct 3, 2018 12:50 pm | Comments (11)
The city is projecting an $11.6 million surplus at the end of the current fiscal year thanks to an August bond refunding that pushes increased debt payments decades into the future.
Continue reading ‘$11.6M Surplus Projected For FY19’