Bridgeport, Conn., officials and the state financial review board have approved a balanced budget for fiscal 1994, two years after the city applied for municipal bankruptcy protection.

The $339 million budget, which received final approval late last week, includes $1 million for a rainy-day reserve fund and money for the hiring of 80 new police officers, city officials confirmed.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.