The State Bond Commission voted Friday in favor of a $4.25 million deal for New Haven’s Tweed Airport that will promote expansion of the airport’s runway.

East Haven Mayor April Capone and New Haven Mayor John DeStefano have finalized the deal, which will distribute $1.5 million to East Haven and $2.75 million to New Haven, and said they hope the funding will help with the poor fiscal situations in both cities.

“Money will make a tremendous difference to the people of East Haven,” Capone said, adding that the East Haven’s deficit currently stands at $5.19 million.

Still, the deal has not been received positively in both cities.

Capone said that while New Haven officials said that the expansion of the airport is essential for attracting larger aircrafts and more traffic, many East Haven residents contend the deal will negatively affect the residential neighborhoods in the area.