BRIDGEPORT, Conn. -- The Bridgeport school district's budget deficit of almost $6 million is close to filled, Marlene Siegel, the district's CFO said -- not through through magic, but by hard work. "It's called fiscal management," she said, as the Connecticut Post reported.
Siegel said a hiring freeze accounted for $1.6 million of the deficit-filling, $2.4 million was from the insurance reserve, and the rest through mechanisms like teacher vacancies and more assertive Medicaid billing, as reported by the Connecticut Post.
But the district's problems aren't all solved, even if this big hole gets filled, the Connecticut Post article noted: the district faces a possible deficit of $15 million for the 2016-2017 school year, Siegel and Interim Superintendent Fran Rabinowitz acknowledged.
Read the full Connecticut Post story here.
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