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Springfield budget workshop opens with OBM overview and looming pension gap
Summary
City budget officials presented a FY2027 preview showing a strong fund balance but an estimated $9.8 million police and fire pension shortfall that would need corporate-fund support; officials discussed options including local tax changes and requested follow-up data on pension full‑funding scenarios.
Springfield officials opened the first night of fiscal‑year 2027 budget hearings with an Office of Budget Management overview that described healthy ending fund balances but warned of growing pension pressures.
"The audited fiscal year 25 fund balance of $68,000,000 is the highest ever corporate fund ending balance," OBM Director Ramona Metzger said, and the city projects an increase to about $71.2 million by the end of FY26. Metzger told the council the corporate fund is the city’s primary operating fund and accounted for most city services outside utilities and special funds.
Metzger…
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