TORRINGTON – There was a bit of good news during the Torrington City Council meeting Tuesday night.
Clerk/treasurer Lynette Strecker reported the city had received more than $500,000 in unexpected revenues in direct distribution from the state. The direct distribution is a revenue source the state has always provided, and it usually comes in two payments during the fiscal year.
The city received the second distribution a few weeks ago, but because of the financial uncertainty the state has faced the last few years, the council did not budget for the second payment during FY 2016-17, creating a $500,000 “windfall.”
For the complete article see the 02-10-2017 issue.
Click here to purchase an electronic version of the 02-10-2017 paper.
Share on Facebook