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Bridgeport finance committee moves multiple staff cuts to close roughly $32–38M shortfall
Summary
At its first 2025 meeting the Bridgeport Board of Education Finance Committee reviewed a financial condition report showing a multimillion‑dollar shortfall, voted to refer several proposed staff eliminations to the full board and asked staff for line‑item accounting and regular progress reports toward closing the gap.
The Bridgeport Board of Education Finance Committee on Monday reviewed a financial condition report that showed a large budget gap and referred multiple staff reductions to the full board as part of an effort to close it.
District finance staff told the committee the 'overall deficit is projected at $38,000,000,' and that roughly $36,500,000 in grant credits reduce the revised shortfall to about $32,000,000. The CFO said the district sought to preserve some reserve funds and proposed using $14,000,000 of the internal service (rainy day) fund…
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