The New London Sailfest, which was slated to be held July 12 and 13, has been canceled due to "the city’s budget constraints."

The popular annual event, which draws in thousands, is being canceled due to budget constraints, organizers say.

Sailfest organizers Wednesday announced they’ve decided to cancel the longtime annual festival this year, citing the city’s budget constraints. The annual summer festival has been bringing fireworks,

NEW LONDON, Conn. — The annual Sailfest in New London has been canceled for this summer, with city officials citing budget constraints as the main reason. Event organizers said the city's budget for funding public safety for Sailfest is limited, and there isn't enough available to " [ensure] a safe and successful event."