Norwich's Finances Fall Short In 2017-18: Report

NORWICH, CT — Norwich ended the 2017-18 fiscal year with a deficit of more than half-a-million dollars, due to increases in spending and shortfalls in revenue, reports The Day.

Several departments were able to save money last year, and those funds are slated to be used to help address the shortfall.

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Additionally, next week the City Council will consider other measures to address the shortfall, such as dipping into the city's general fund surplus. The move would reduce that account to about 12 percent of the city's annual operating budget, according to the publication.

Click here to read the full story on The Day website.

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