In a recent meeting of the Bridgeport City Council, officials successfully adopted the annual budget for the fiscal year 2024-2025, which runs from October 1, 2024, to September 30, 2025. The budget was approved following a motion and a record vote, with all council members in favor.

The council also ratified the budget, which includes an increase in property tax revenue compared to the previous year. This ratification is a requirement set by the state, despite the council having already passed the budget. The tax rate for the upcoming fiscal year was set at 0.6189 per $100 of assessed value, a slight decrease from the previous year's rate of 0.6195.

During the meeting, Mayor and council members expressed appreciation for the efforts of city staff in preparing the budget, acknowledging the challenges involved in the process. The public was invited to comment during a hearing on the tax rate, but no comments were made.

The meeting concluded with a record vote on the tax rate, which was also approved unanimously by the council. The session lasted just 12 minutes, reflecting the efficiency of the council's proceedings.