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Treasurer warns state excise and foreclosure changes could cost Springfield revenue
Summary
The treasurer/collector told the budget hearing that recent collection measures and lien enforcement boosted revenues, but proposed state changes to excise and foreclosure rules could reduce collections materially, threatening programs that rely on those funds.
Springfield’s treasurer/collector outlined the city’s revenue‑collection operations and warned the council that proposed state‑level changes to excise and foreclosure rules could meaningfully reduce local receipts.
The treasurer described collection improvements and investment choices, including short‑term investments (T‑bills and CDs) to maximize interest…
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