New London running out of cash, mayor says - FOX 10 News | fox10phoenix.com

New London running out of cash, mayor says

Posted: Updated:
Connecticut State News Connecticut State News

NEW LONDON, Conn. (AP) - New London Mayor Daryl Justin Finizio has asked the state for help because the city is running out of cash and won't be able to make its $1.7 million payroll this week.

The Day of New London reports (http://bit.ly/1jCuNLi ) that Finizio disclosed the problem to the City Council on Monday. The mayor said he called Gov. Dannel P. Malloy and asked that the state expedite payment of $11 million in state education aid that's due to the city.

Finizio says Malloy agreed to the request and the city should be able to make its payroll by the end of this week.

A city consultant says the city's fund balance should be at least $13 million to equal two months of operating expenses, but the fund balance has withered to $400,000.

Information from: The Day, http://www.theday.com

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Connecticut NewsConnecticut NewsMore>>

  • Street gangs tone down use of colors, tattoos

    Street gangs tone down use of colors, tattoos

    Tuesday, September 16 2014 8:19 AM EDT2014-09-16 12:19:09 GMT
    Law enforcement officials from coast to coast say street gangs are shying away from wearing their colors and are covering up or even altering their tattoos to avoid detection by police.  Hartford, Connecticut, Police Sgt. Johnmichael O'Hare says gone are the days when the Bloods wore red from head to toe. All you'll see now, he says, is maybe a red handkerchief sticking out of a back pocket.


    Law enforcement officials from coast to coast say street gangs are shying away from wearing their colors and are covering up or even altering their tattoos to avoid detection by police.  Hartford, Connecticut, Police Sgt. Johnmichael O'Hare says gone are the days when the Bloods wore red from head to toe. All you'll see now, he says, is maybe a red handkerchief sticking out of a back pocket.


  • Lawsuit settlements reached in Metro-North crash

    Lawsuit settlements reached in Metro-North crash

    Monday, September 15 2014 8:39 PM EDT2014-09-16 00:39:39 GMT
    Four of 28 people who sued the Metro-North Railroad in federal court after being injured in a Bridgeport train crash last year have settled with the commuter railroad.
    Four of 28 people who sued the Metro-North Railroad in federal court after being injured in a train crash in Connecticut last year have settled with the commuter railroad.
  • Feds inspect pump at Millstone nuclear complex

    Feds inspect pump at Millstone nuclear complex

    Monday, September 15 2014 2:30 PM EDT2014-09-15 18:30:43 GMT
    Federal inspectors are at the Millstone nuclear power complex in Waterford to examine a critical backup water pump that failed routine tests in July and last week.
    Federal inspectors are at the Millstone nuclear power complex in Waterford to examine a critical backup water pump that failed routine tests in July and last week.
Powered by WorldNow

KSAZ-TV & KUTP
511 W. Adams St.
Phoenix, AZ 85003

Phone: (602) 257-1234
Fax: (602) 262-0177

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices