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MAYOR HARP ISSUES STATEMENT RE: RESTORED STATE PEQUOT FUNDS FOR NEW HAVEN

Posted by Bud Mench Media Group -BMMG on May 26, 2017 at 22:00
MAYOR HARP ISSUES STATEMENT RE: RESTORED STATE PEQUOT FUNDS FOR NEW HAVEN New Haven – As Governor Malloy and members of the General Assembly work to close the state’s $389 million budget deficit for the current fiscal year, initial plans to cut a key municipal funding program – that would’ve cost New Haven almost $2 million – have been reversed. Compounding the $2 million cut was the timing: with barely a month left in the fiscal year there was no time and no practical way for New Haven to absorb the loss of such a significant sum. Revised estimates this week from the state’s Office of Fiscal Analysis however, project enough savings to mitigate some portion of the Governor’s initial plan – and legislative leaders indicated their intention to use those savings to protect Pequot funding. “The work of the New Haven state delegation to secure and ensure these final payments of the fiscal year is critical to enabling the City to close this budget on level ground, and all of us in New Haven are grateful for the work done by its members,” Mayor Toni N. Harp said. “Especially with just a month left in the fiscal year, their advocacy delivered on the state’s promises upon which we build the city budget, and in doing so they’ve protected New Haven, its residents and taxpayers, from what would’ve been a significant financial jolt.” ###
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Tags: FOR, FUNDS, HARP, HAVEN, ISSUES, MAYOR, NEW, PEQUOT, RE:, RESTORED, STATE, STATEMENT
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