The following opinion essay was submitted by Dennis Serfilippi, a certified public accountant who works as a chief financial officer consulting for early- and late-stage technology companies.
New Haven is flush with $188 million in funding — $115 million from the feds, $50 million from the state, $10 million from Yale, and a $13 million tax increase. Yet, the city’s sole independent financial body, the Financial Review and Audit Commission (FRAC), lies dormant and without a chairperson. And when FRAC was active, it was operating largely in violation of the city charter. To read the entire opinion, please click below https://www.newhavenindependent.org/article/frac_oped
