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State releases Winsted from fiscal oversight

WINSTED —  Winsted is set to be released from financial oversight by the state’s Municipal Finance Advisory Commission (MFAC).

In January 2013, the commission started its oversight of the town due to multiple financial issues, including the fiscal 2010-11 audit that was submitted more than a year late; and significant financial irregularities noted by auditors.

Since MFAC started to provide financial oversight, the town has taken steps to improve its recordkeeping system and eliminate internal control weaknesses.

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