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West Haven finance director flags $3.6 million general‑fund shortfall and unresolved Board of Education deficits
Summary
Finance Director Michael Gormani told the council the city projects a roughly $3.6M general‑fund deficit; he and the mayor said an unaudited $8M BOE shortfall (special education) plus $4M alliance‑grant accounting issues complicate the outlook and will require state review and a special BOE council meeting.
Finance Director Michael Gormani told the finance committee on March 23 that the city’s February financial snapshot projects a general‑fund shortfall of about $3,600,000 for the fiscal year, driven largely by lower‑than‑expected interest income and several revenue timing issues.
Gormani said tax collections remain on track but interest income — budgeted at approximately $2.4 million — is expected to fall short by roughly $1,000,000. On expenditures, Gormani said vacancy savings and other offsets have reduced pressure but the…
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