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.

NEW LONDON, Conn. (WFSB) - New London’s Sailfest festival has been canceled. According to the executive director of the Downtown New London Association, Barbara J, Neff, the festival has been canceled due to the city’s budget constraints affecting public safety and city services.

New London’s Sailfest has been canceled this year, according to organizers. Sailfest New London posted on its Facebook page Wednesday that the annual summer celebration would not be happening due to the city’s budget constraints.

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,