Manchester aldermen budget $900K for CIP repairs
MANCHESTER — City aldermen have passed a budget for the Community Improvement Program (CIP), which funds road and infrastructure upgrades, park and redevelopment projects and nonprofit organizations.
The budget was passed Tuesday without discussion at a special meeting of the Board of Mayor and Aldermen. The only vote against the budget came from Ward 10 Alderman Phil Greazzo.
The 2014 fiscal year budget allocates $901,000 in city funds, and includes a $1.5 million bond for road repairs.
The budget was revised in recent weeks due to a larger allocation of federal funds, which comprise much of the CIP budget. Factoring in federal, state and bond money, the CIP budget totals $8.5 million.
Mayor Ted Gatsas’ original CIP budget proposed $756,000 in city spending. The revised budget restores funding cuts for nonprofits and allocates additional money for road work.
The CIP budget is the last of the three budgets to be approved for the 2014 fiscal year, which begins July 1. The aldermen approved a $156.7 million school budget and a $140.1 million city budget last week.