Today, Mayor Daryl Justin Finizio announced that the budget for Fiscal Year 2013-2014 has become certified and effective.
This budget is the first one since the new form of government that has not been petitioned or put out to referendum. But it was not achieved without great effort and some delay, as the City Council—aided by a financial consultant—and the Mayor's office went back and forth over the numbers.
The final budget includes general fund appropriations totaling $40,834,674 and a Board of Education budget amounting to $40,409,666, for a total budget of $80,244,340.
“I want to recognize and applaud Council President Passero and Board President Curtin on their efforts to ensure that the City of New London has a sound and responsible budget. This was a lengthy process in which every person involved did their due diligence as elected officials for the City of New London,” said Mayor Daryl Justin Finizio.
“I appreciate the hard work of my colleagues on the Council and their willingness to compromise to reach unanimous agreement on the revised general government budget. I think the strong consensus by the entire Council helped to build support in our city for this budget,” said Council President Michael Passero.
“I am pleased, as Board President, to have been a part in establishing better communication with both the Mayor's Office and City Council in order to come to an agreement so that our children will benefit in the long run,” concluded Board of Education President Margaret Curtin.