When Mayor Joe Ganim submits his budget proposal to the City Council early next month his spending plan will not include a tax increase. The larger question: will he cut taxes for the budget year starting July 1?
An injection of state and federal dollars is burnishing the bottom lines of urban areas with Connecticut’s largest city also bolstered by growth of its grand list of taxable property.
As higher mil rates go, Bridgeport at 43.45 is eclipsed by several Connecticut cities led by Hartford. Other examples: Waterbury 60.21, Torrington 46.17, Hamden 52.44, East Hartford 49.35. Bridgeport and New Haven are about the same.
Stamford you say at 26.94 mils? Connecticut’s second most populous city is an outlier, blessed with proximity to New York that has swelled its grand list in recent decades, backed by its former mayor, Dan Malloy, who wired numerous corporations there during his eight years as governor.
See municipal Mill-Rates-20GL-22FY-8-6-21.
Bridgeport has not experienced a sub-40 mil rate in 10 years.
City bean counters are putting the finishing touches on Ganim’s spending plan. Once the budget goes to the council it will be submitted to the Budget and Appropriations Committee, chaired by Scott Burns and Ernie Newton, where the grunt work of financial alterations takes place.
After the council approves the budget, the spending plan goes back to the mayor for possible veto action. The final budget act is setting the mil rate by the City Council.
Ganim, who will seek another four-year term in 2023, wants to trim taxes the next two budget cycles. Right now State Senator Marilyn Moore is the largest threat to his mayoralty should she enter the race after losing a tight primary to him in 2019.
Positioned well for another two-year legislative term this year, Moore won’t fully gear up a mayoral run until early 2023.
State Rep. Charlie Stallworth, who is not seeking reelection, is fresh off a slate of candidates that won all nine seats in a Democratic Town Committee primary. He seems poised for an earlier entry into mayoral campaigning.
Retired Superior Court Judge Carmen Lopez is being urged to get in by supporters as a viable alternative. She’s not there yet, but seems like this is the most consideration she has given to a potential run.
Still a ways to go before mayoral politics shake out.
Ganim, as mayor, can make things happen and that starts with cutting taxes.