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Posted inCT Viewpoints

Municipal fund balances fall far short of needed financial buffer

The CT Mirror’s August 14 report on “The state of CT’s cities and towns in charts” is a detailed, reasoned analysis, consistent with the high quality of work we expect from the CT Mirror. Yet, one of the essential parts of the Mirror’s report — its analysis of municipal fund balances — falls short of presenting the most accurate and clearest understanding of this critical component of municipal finances.