New London running out of cash, mayor says - Fox 2 News Headlines

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 This material may not be published, broadcast, rewritten or redistributed.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>>

  • Ron Howard sells Connecticut-New York estate for $27.5 million

    Ron Howard sells Connecticut-New York estate for $27.5 million

    Friday, July 25 2014 2:47 PM EDT2014-07-25 18:47:39 GMT

    Now that they're empty-nesters, Ron Howard and his wife have sold their nest straddling the New York and Connecticut state line for $27.5 million. Howard and his wife, Cheryl, bought the Conyers Farm estate in Greenwich, Connecticut, and Armonk, New York, in 1991 and spent years constructing the house and outbuildings.


    Now that they're empty-nesters, Ron Howard and his wife have sold their nest straddling the New York and Connecticut state line for $27.5 million. Howard and his wife, Cheryl, bought the Conyers Farm estate in Greenwich, Connecticut, and Armonk, New York, in 1991 and spent years constructing the house and outbuildings.


  • Mom: 4-year-old banned from doughnut shop

    Mom: 4-year-old banned from doughnut shop

    Thursday, July 24 2014 3:05 PM EDT2014-07-24 19:05:13 GMT
    4-year-old Justin Otero is a curious guy, but his curiosity got him into some trouble at his local Connecticut doughnut shop.
    4-year-old Justin Otero is a curious guy, but his curiosity got him into some trouble at his local Connecticut doughnut shop.
  • Ex-Sen. Lieberman to teach at Yeshiva University

    Ex-Sen. Lieberman to teach at Yeshiva University

    Thursday, July 24 2014 2:56 PM EDT2014-07-24 18:56:06 GMT
    Former U.S. Sen. Joseph Lieberman has been appointed a professor at Yeshiva University for the coming school year. The private university in New York City named him the Joseph Lieberman Chair in Public Policy and Public Service. He'll teach an undergraduate course and give three public lectures on topics ranging from Judaism and public service to the Middle East.
    Former U.S. Sen. Joseph Lieberman has been appointed a professor at Yeshiva University for the coming school year. The private university in New York City named him the Joseph Lieberman Chair in Public Policy and Public Service. He'll teach an undergraduate course and give three public lectures on topics ranging from Judaism and public service to the Middle East.
Powered by WorldNow

WJBK-TV | Fox 2
16550 West Nine Mile Rd.
Southfield, MI 48075

Main Station: (248) 557-2000
Newsroom: (248) 552-5103

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