If you’ve ever wanted to know a breakdown in the money Connecticut’s most populous city receives from the state, here’s your chance courtesy of CT Mirror based on the new state budget.
According to a fiscal analysis provided by the state, Bridgeport will receive more than $207 million in state aid for the budget year 2015-16 covering a variety of items including education, state reimbursement for payments in lieu of taxes such as hospitals, universities and state buildings, and Pequot grant from slot revenues.
It compares state revenue last year and this year as well as the haul of other communities.
More from CT Mirror here.
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Thanks for posting this, Lennie.
Interesting to see state funding per the just-approved budget … for Bridgeport vs New Haven and Hartford.
Of course, this CT Mirror information does not include the 0.5% sales tax diversion under S.B. 1–expected annually to bring in between $10 and $15 million to Bridgeport, to be used to offset reduced automobile-tax inflows resulting from new state cap (i.e., July 1, 2016, cities and towns must cap the mil rate for motor vehicles at 32 mils, then cut the rate to 29.36 mils after that).