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The city faced a $12 million gap in its fiscal year 1991-92 budget of $304 million. [15] The Bridgeport Financial Review Board immediately passed a resolution blocking the city from seeking bankruptcy protection and adopted a $319 budget for the city, ordering an 18% increase in property taxes.
After graduating from college, Finch moved back to Bridgeport where he became a city council member for nine and a half years. While on the city council, Finch developed a record of cutting taxes, aimed to create new jobs, and was involved in public safety by voting to add more police officers to the city's force and promoting programs such as ...
At the time Ganim took office, the city's dire financial straits caused it to be the only municipality in Connecticut to have its finances under the control of a state board. The state board had ordered the city to raise its property taxes by 18 percent to close a $16 million budget shortfall for the 1991–92 fiscal year. [5]
Bridgeport is the most populous city in the U.S. state of Connecticut [7] and the fifth-most populous city in New England, with a population of 148,654 in 2020. [3] Located in eastern Fairfield County at the mouth of the Pequonnock River on Long Island Sound, it is a port city 60 miles (97 km) from Manhattan and 40 miles (64 km) from The Bronx.
Black Rock is a neighborhood in the southwestern section of the city of Bridgeport, Connecticut.It borders Fairfield and the Ash Creek tidal estuary on the west, the West Side/West End of Bridgeport on the north and east, and Black Rock Harbor and Long Island Sound on the south.
[1] [2] The land under The Ballpark at Harbor Yard was purchased by the city of Bridgeport from Donald Trump for $1 and with the forgiveness of back taxes owed on the property. The Jenkins Valve plant was demolished to make way for the stadium.
Bridgeport (now a separate city) was the state's first borough, formed in 1800 or 1801 as a subdivision of the town of Stratford. Numerous additional boroughs were established thereafter, mostly during the 19th century, to serve a variety of local governmental purposes.
The Mayor is the chief executive of Bridgeport, Connecticut who is directly elected for a four-year term. They have the power to issue executive orders, declare emergencies, submit a yearly budget to the city council and makes appointments to city government offices. As of July 2012, the Mayor of Bridgeport earns an annual salary of $132,459. [1]
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