Politics & Government

Finizio, Passero Prepare To Craft Second New London Budget

Mayor and City Council president hope to reduce tax increase to five percent by the end of September

Mayor Daryl Finizio and Council President Michael Passero said removing funds from the Finance Department and refinancing the city’s debt will be two of the strategies they will use in attempting to further reduce the 2013 fiscal year budget.

Voters rejected, route: {:controller=>"articles", :action=>"show", :id=>"new-london-budget-tax-rate-voted-down"} --> the will meet at 5 p.m. tonight at of the . This plan was in which he said there is little room for further cuts in the budget. He said reducing the budget to a five percent tax increase might have to come from areas such as the , , and


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