New Haven Ends FY26 With $8.5M Deficit as Schools and Transportation Costs Mount
New Haven ended fiscal 2025-26 with an $8.5 million deficit, driven by $10.5 million in school bus transportation overages. The city will tap its rainy day fund.
Tag: budget
East Haven Adopts $116.98 Million FY 2026-27 Budget
East Haven’s Town Council adopted a $116,980,960 budget for fiscal 2026-27 on April 23, not the $117.7 million first reported; the 35.78-mill rate is about 7% above the prior year’s 33.44 mills.
East Haven Mayor Proposes 2.81-Mill Rate Increase in Annual Budget Address
Mayor Carfora proposed a 2.81-mill tax increase for East Haven's 2026-2027 budget, driven by rising special ed costs and contractual obligations. Public hearings are expected.
Bridgeport Budget Cuts Mill Rate to 27.75, Boosts Schools and Libraries
Bridgeport's proposed FY 2026-2027 budget slashes the mill rate to 27.75 and boosts school funding by $5 million. Free park stickers and tax relief are also included.
New Haven Mayor's Budget Would Eliminate $345,439 in Food Aid Funding for CFAN
New Haven Mayor Elicker's $733.3M budget drops $345K in CFAN food aid. Alders can restore it before June 1 vote — advocates want $500K.
East Haven Mayor Proposes 2.81-Mill Hike; GOP Cites $1.7M Gap
East Haven Mayor Carfora's FY27 budget proposes a 2.81-mill tax hike. Republicans on the Board of Finance voted 4-2 against, citing a $1.7M shortfall and unfinished prior-year audit.
New Haven Teachers Dispute District's Rising Absence Narrative
New Haven teachers are disputing the district's framing of rising absences, blaming 70 vacancies and low pay. NHPS CFO proposes raising substitute budget from $1.13M to $2.13M.
North Branford Sets Public Budget Hearing for March 31, Referendum May 12
North Branford holds a 2026-27 budget public hearing March 31 at the high school cafeteria, with voters to decide the final plan at a May 12 referendum.
Cheshire Town Manager Releases FY 2027 Budget Book; Adoption Vote April 28
Cheshire Town Manager Sean Kimball released the FY 2027 Proposed Digital Budget Book on March 10, opening a review period with department presentations through April 23 and an adoption vote April 28.
Bridgeport Schools Face $45 Million Gap, Board Votes to Seek $106M in State Aid
Bridgeport schools face a $45M gap for 2026-27. Board voted 6-2 on March 10 to seek $106M in state aid; Mayor Ganim pledged $10M in local funding over two years.
Yale and New Haven Sign $230M Deal, Raising Annual Payments to $30M
Yale agreed to pay New Haven more than $230M over 6 years — raising annual payments to $30M and eliminating an $8M budget cliff in a deal Mayor Elicker called unprecedented.
New Haven Finance Committee: 56% of City Real Estate Is Tax-Exempt
New Haven’s 2025 Grand List hit $9.26B, up 2.48%, but 56% of city real estate — including 43% owned by Yale — stays off the tax rolls at $10.6B.