Shelton finances in a sound position, city officials say
Brian Gioiele
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Exterior of Shelton City Hall, in Shelton, Conn. Jan. 11, 2021.Ned Gerard / Hearst Connecticut Media
SHELTON City finances are in a “favorable position,” with a replenished fund balance and stronger-than-anticipated early tax collection results, according to city Finance Director Paul Hiller.
Overall, the general fund a point of concern last year when it sank to $84,068 stands at $2,188,800. Hiller said the number has increased after a favorable fiscal year, when each department came in under budget, including the Board of Education, which returned $501,000 to the city’s general fund.