North Haven Expects to Finish with Budget Surplus

North Haven is expected to finish the 2014-15 fiscal year with an estimated $200,000 surplus, according to the New Haven Register.

First Selectman Michael Freda told Kate Ramunni of the Register that the town is currently reviewing revenue collections and is anticipating the surplus.

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Freda said the town will maintain its AAA status, which will result in the saving of millions of dollars in interest when it bonds for the $69 million North Haven Middle School project, according to the Register.

The Board of Education is also expected to post a surplus, of about $100,000, according to the Register.

Read the full story at the New Haven Register here.