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Bridgeport projects $1.18 million 2025 surplus, warns of lower 2026 revenues as Riverpointe winds down
Summary
Borough finance presentation projected a roughly $1.18 million surplus for 2025 driven by one-time Riverpointe fees but warned that several one-time revenue lines will fall sharply in 2026, forcing choices among tax increases, borrowing or cuts.
Bridgeport’s chairman presented the borough’s year-end finance review on Oct. 28, reporting stronger-than-budgeted 2025 revenues but warning of a projected revenue decline in 2026 tied to the Riverpointe development.
The presentation said the 2025 general-fund budget was set at $6,347,500; actual year-to-date revenues were $6,807,992 and the projected year-end revenue figure was $7,531,587, yielding an estimated surplus of about $1,184,017. "We're looking at a potential projected surplus of $1,184,017," the chairman said,…
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