Wallingford Finishes Fiscal Year with Surplus

The town of Wallingford finished the 2013-14 fiscal year with an operational surplus of $760,000, according to the New Haven Register.

The town recently released the results of the audit for the fiscal year, which runs from July 1 to June 30, and Wallingford had revenues of $146.23 million compared to expenditures of $145.47 million.

Wallingford also reduced its debt load by $4.48 million to $37.98 million, which was a result of the town not issuing bonds last year because $9.4 million in bonding for several school projects has already been authorized and will be issued sometime in the next few months, according to the Register.

Read the full story at the New Haven Register here.