Mayor Sarno lauds city finances ahead of budget hearings
SPRINGFIELD, Mass. (AP) — Hearings will soon get underway on the city of Springfield’s budget for the fiscal year starting July 1.
Heads of city departments are scheduled to begin presenting their budget requests to Democratic Mayor Domenic Sarno and Chief Administrative and Financial Officer Timothy Plante on Monday at City Hall. The hearings are open to the public.
Sarno said in a statement he was proud of the city’s fiscal management. He said Springfield currently has its highest bond rating ever, along with healthy reserves.
Massachusetts’ third-largest city needed a state loan to avoid bankruptcy a little more than a decade ago. A state-controlled board was set up to oversee the city’s finances from 2004 to 2009.
Plante says the upcoming budget must allow the city to continue living within its means.