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Manchester forecasts small FY2025 operating deficit; board passes bond resolution
Manchester Board Mayor & Aldermen · November 19, 2024
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Summary
City finance staff reported a modest FY2025 operating deficit driven primarily by police overtime; the board also passed a bond resolution by title during the Nov. 19 meeting.
Finance staff told the Board that the current projected FY2025 general fund operating deficit stood at $71,000 (composed of an expenditure deficit of $711,000 and a revenue surplus of $640,000) based on department head estimates as of Nov. 19. The forecast attributes the expenditure gap largely to police overtime…
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