MANCHESTER (May 14, 2007) – Mayor Frank Guinta today announced that he has proposed to the Board of Mayor and Alderman a citywide spending freeze, effective from May 15, 2007 until the end of Fiscal Year 2007 (June 30, 2007). This will be put to a vote at Tuesday night’s Board of Mayor and Alderman meeting.
"To achieve a fund balance of $750,000, and to assure fiscal responsibility for the remaining seven weeks of the fiscal year, I am recommending a spending freeze," Mayor Guinta said. "In working with Finance Director William Sanders, it was clear that these action are necessary for the city, not just in meeting short-term goals, but for establishing a more efficient and less wasteful city government."
The spending freeze plan would require the following:
- All departments are directed to curb discretionary spending and only spend what is deemed necessary;
- All purchases of $2,500 or more must be submitted to the Finance Officer for review. If the Finance Officer deems the expenditure necessary for effective operation, he will approve the expenditure. If not, he will send the request to the Mayor for his review.
- Planned overtime must be submitted to the Finance Officer for review. If the Finance Officer deems the overtime necessary for effective operation, he will approve the expenditure. If not, he will send the request to the Mayor for his review.
All requests for funding will receive an answer within 48 business hours of the request to the Finance Officer.