Wednesday, September 23, 2015

State Cuts Aid To City By $200k

According to CTNewsJunkie, the Malloy administration has made emergency cuts of $15M in municipal aid. These cuts are part of $103M cuts in response to a anticipated drop in state revenue following the fall of the stock market.

Middletown, which received a very large increase in municipal aid from the Malloy administration, will see a loss of $200,000 on the revenue side of its own budget for this year.
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3 comments:

  1. AnonymousSeptember 23, 2015 at 8:36 AM

    Here comes the tax increase, and it will be more than the loss of $200K, but hidden.

    ReplyDelete
  2. John MilardoSeptember 23, 2015 at 6:31 PM

    And Dan's his buddy! If not anything, it just goes to show you "what friends are for!"

    ReplyDelete
  3. Bill WilsonSeptember 24, 2015 at 8:25 PM

    What else is new. There goes the .1 mill rate decrease that was passed by the council.

    ReplyDelete

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