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New Haven Budget Tightens as $66M Shortage Looms


“It is completely unrealistic for anyone to think we can cut this kind of money,” said Mayor Justin Elicker. “Our city would not function.”
The pension payments continue to rise each year putting a strain on the budget. The city is researching their legal obligation to follow that $25 million suggested increase by the pension boards, and the impacts if they don’t fully meet the amount.
Elicker said he’s not considering bonds to cover those costs. The payments will have to come from somewhere in the city.
That will be tough, he said, because according to a chart shown during the meeting, two-thirds of the city’s budget are contracted items that have to be paid. They include the pension payments, employee salaries, insurance, and state-funded portions of the education budget. ....

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'Occupy Yale' demonstrators demand Yale pay its fair share of New Haven taxes


Occupy Yale demonstrators demand Yale pay its fair share of New Haven taxes
The group caravan met on Thursday night demanding the university to pay its debt to the people of New Haven.
Author: Rick Lessard (FOX61)
Updated: 10:28 PM EST December 10, 2020
NEW HAVEN, Connecticut On Thursday evening, members representing the groups Unidad Latina En Accion (ULA), Black and Brown United in Action (BBUA), and Hamden Action Now gathered in front of Yale University to demand it pay its fair share to the city of New Haven. 
A spokesperson for the demonstrators wrote in a press release that the Elm City is facing a $13 million deficit, while Yale is closing the fiscal year with a surplus of $203 million. The spokesperson added Yale had an endowment of $31.2 billion.  ....

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