BRIDGEPORT, Conn. -- A state oversight board met here yesterday afternoon and declared that, notwithstanding Bridgeport's recent filing for bankruptcy court protection, the city still must devise a balanced budget for the fiscal year beginning July 1.

The Bridgeport Financial Review Board voted 11 to 0 to force the city to adopt by June 28 a 71.2 mill rate property tax, a levy that Mayor Mary C. Moran has deemed too great for the city's ailing economy to handle. The tax would amount to $71.20 for every $1000 in assessed property value.

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