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Segarra Delivers FY 2015 Budget

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Mayor Pedro Segarra Hartford State of the City March 10 2012 Michael Guerrera Photo

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(Hartford, Conn./CBS Connecticut) - Hartford Mayor Pedro Segarra has submitted a $557 million-plus budget to the City Council.

The mayor this afternoon said the spending plan for FY 2015 is a difficult one.

He says impacts they’re looking at are real, to the tune of a proposed 2.5 mill increase in the tax rate.

In addition, Segarra said the city has $19-million in pension obligations.

Segarra also said he’ll propose $18.1-million in cuts and the elminiation of 99 mostly vacant positions.

He said the budget provides stability and that in tough financial times in the past, they’ve managed to soldier on.

Some key dates to remember as the budget process gets underway: the city council holds a public hearing at bulkely high school on April 30.  City Council deliberations begin in mid-May.  And the council is scheduled to formally adopt the spending plan May 31.

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