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Danbury seeks extension on financial audit

Danbury is seeking another extension on its financial audit due to delays from the school district.  A number of people in the Finance Department left last year, including the Director who was replaced in September.  The district wasn't able to complete its portion by the December deadline, which delayed the City's review, now expected to be completed at the end of this month.  An audit must be filed with the state, and various financial entities. City Finance Director David St Hilaire says because the review wasn't done in March, Danbury wasn't able to refinance its bonds when interest rates were lower.  Meanwhile the School District plans to bring in a consultant to respond to the latest round of requests for additional information after a meeting with the city audit committee.

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Dave Rinelli

Local Headlines