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Entries Categorized as 'City Budget'

School Board Wants Surplus

February 14th, 2018 · 15 Comments · City Budget, City Council, Education, News and Events

On Monday Mayor Joe Ganim announced a surplus of roughly $4.6 million for the fiscal year that ended June 30, 2017. A few hours later the Board of Education voted 7-0 to urge the mayor to hand it over to the school system.

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City Posts Surplus Last Year, Battles Deficit This Budget Year

February 13th, 2018 · 13 Comments · Analysis and Comment, City Budget, News and Events, State Politics

An auditor’s report from accounting firm BlumShapiro shows the municipal fiscal year that ended June 30, 2017 with a surplus of $4.6 million. See audit here. Projections are not as rosy for the current budget year that started July 1, according to Mayor Joe Ganim and finance officials struggling to close a multi-million deficit based […]

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Meanwhile, City Council Members Seek Financial Information

February 13th, 2018 · 5 Comments · City Budget, City Council, News and Events

Citizen fiscal observer John Marshall Lee on Monday attended a financial presentation to the City Council’s Budget and Appropriations Committee. He files this commentary: Yesterday was a “red letter” day for the City of Bridgeport. The City stood up publicly on two occasions to talk about financial results. In the morning the Mayor announced a […]

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Are You Paying Attention?

February 6th, 2018 · 22 Comments · City Budget, City Council, News and Events

That was one among many questions posed to City Council members Monday night by government hawk John Marshall Lee. Less than two months ago, the Assistant City Clerk wrote a letter to three members of the November 2017 City Council informing them of the approved resolution requiring that “all officers of the city, elected or […]

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When Carson Clashed With Borges–Life On A Financial Review Board

January 22nd, 2018 · 5 Comments · Analysis and Comment, City Budget

What’s government life like with a financial oversight board? Here’s a glimpse from my book Bow Tie Banker, a biography of David Carson, retired chief executive of People’s Bank. Carson had quite the exchange with then-State Treasurer Francisco Borges.

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City Council Message–Time, Talent, Resources (And Karaoke)

January 17th, 2018 · 8 Comments · City Budget, City Council, City Politics, News and Events

City Council observer John Marshall Lee addressed the legislative body Tuesday night urging them to put their time, talent and resources to work. (And don’t forget about Karaoke.) When you approached the voters you may have known some issues dear to them, had a good reputation in your district, or were considered someone who would […]

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Council Members Urge Ganim To Reimburse City For Campaign-Related Security

January 13th, 2018 · 17 Comments · Analysis and Comment, City Budget, City Council, City Politics, Law Enforcement, News and Events, State Politics

About half the City Council, and the number appears to be rising, want Mayor Joe Ganim’s campaign for governor to reimburse the city for police security when he’s on the stump. Ganim has reimbursed the city for mileage. Why not for police detail? Why would Ganim need police outside of the city? What’s wrong with […]

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Debating The Risks Of Bond Sale To Reduce Debt Service Payments

January 4th, 2018 · 6 Comments · City Budget, City Council

Last week, Mayor Joe Ganim announced a pension bond sale that officials say will save the city approximately $2 million per year in debt service payments covering retirement costs for uniformed services. City financial scrutineer John Marshall Lee is skeptical about the numbers. He shared his thoughts Tuesday night with the City Council. From Lee:

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