Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council approves internal-fund transfers and sells delinquent tax liens to Tower Capital Management
Summary
City finance director reported a projected surplus; council approved transfers between internal service funds to eliminate a workers’ compensation deficit and authorized sale of 2023 delinquent tax liens to Tower Capital Management for 107.25% of face value.
City finance staff told the council June 23 that preliminary May numbers show West Haven in a positive fiscal position for fiscal year 2024–25, and the council approved transfers to rebalance internal service funds and a sale of delinquent tax liens.
Finance Director Michael Gormani said the general fund looked to be about $2 million in surplus in May; the Allentown fire department had an estimated $466,000 positive variance and the sewer fund about $232,000, though he cautioned that final figures are subject to change during the summer close-out…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
