From Brian Lockhart, CT Post:
The city has eliminated most of the $20 million budget deficit, if not the entire thing.
But the fiscal challenges are again mounting, less than four months months into the budget year, from police overtime to the possibility that union givebacks will not materialize.
City Finance Director Kenneth Flatto’s message to members of the City Council’s Budget Committee Tuesday was a generally positive one. But he and Nestor Nkwo, the budget chief, also sounded some warnings.
“We believe the city’s financial position and budget is in good shape and rock-solid,” Flatto said.
Full story here.