Bridgeport Mayor Bill Finch is contemplating a slew of measures to keep his city out of the red.

With revenues falling and costs rising, Finch says a plan of action is needed to avoid layoffs.

To prevent the loss of jobs, Finch wants Bridgeport's unions to agree to $4.5 million in concessions. He has also ordered all city departments to cut budgets by between 10 and 20 percent, a move he says will save the city nearly $4 million.

Finch says the city is also planning to sell property, go after delinquent tax accounts and continue the Boot Find Program to increase revenue. Another key part of the plan involves the board of education cutting its budget by nearly $7 million.

"We cannot end the year with the current projected deficit," Finch says. "People will say we've heard this from the city before. That may be the case but I wasn't mayor. Right now you're hearing it from Bloomberg, Moccia, every mayor in between."