Still feeling the bitter sting of defeat after Haverhill voters rejected a $55 million override request to fund construction of a new high school in November 2002, Mayor James J. Fiorentini said "There will be no overrides and no debt exclusions" this year.
Fiorentini instead plans to rely on one-time revenues to make ends meet in fiscal 2008, including $2.8 million from the sale of a city-owned parcel of waterfront property. He hopes to complete the transaction by early May, at about the same time he expects to submit his proposed blueprint for fiscal 2008 spending to the City Council.
Without that cash in the city coffers, Haverhill is looking at a shortfall of $2.5 million. So what's Plan B if the land deal falls through?