Did you know…
As of 02-26-08.
CITY OF NEW HAVEN BUDGET FACTS
• At $717 MM, 2007-8 Budget sets a new record
o $445 MM from the General Fund
o $134 MM from Special Funds
o $137 MM from borrowed Capital Funds
o All paid for with City or State taxes
o $5,700 per resident; $14,000 per household
• Taxes have increased 33% in 5 years.
o $143 MM in 2002-3 to just approved $191 MM
o New Haven population has declined 3.9% between 1990 and 2000 census
• $1,363 Million in bond indebtedness, unfunded pension and retiree health care liabilities will burden future generations.
o $192.4 Million for the General Fund
o $458.5 MM for Schools
o $282.3 MM Unfunded pension liabilities (as of 6/30/2005)
o $430.522 Million for retiree health care per GASB 45
• Education, Police and Fire Departments comprise 75% of 2007-8 expenses of $717 MM
o Budget reports 53% by excluding benefits and debt service
o 61% for Department of Education ($441 MM)
o 7.7 % for the Police Department
o 6.3% for the Fire Department
o This $717MM comes from: City 30%, State 50%, debt 20%
• Total education costs per student approaching private school costs
o $21,750 per student in 2007-8 budget**
o Median cost for private schools in the Northeast is $23,000
*Comparable figures for the USA are $6,667 for all state and local; Medicare $266,667 per person and Social Security $40,000 per person.
** Includes $348.5 MM for Dept of Education, plus estimated $93 MM for share of benefits, pension and debt service costs
2/21/2008 New Haven Citizens Action Network (NHCAN)
CITY OF NEW HAVEN INFORMATION
Houses 52,941
Owner Occupied 13,918; Rentals 33,176; rest unoccupied;
Percent renters 70% State 33%
Population?? 112,980
Households 47,094 (Census Bureau)
Persons per household 2.4
Median Household Income $29,604 (1999)
Per capita money income $16,393 (1999)
Percent below poverty 24.4% (1999)
School enrollment 20,499 (No Child Left Behind 2005; Other sources 20,272
Population 124,512 (2003 estimate, Census Bureau)
