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Mayor previews FY27 budget of more than $1 billion, stresses reserves and high bond ratings
Summary
Springfield’s mayor opened the FY27 budget hearings saying the city is preparing a budget "of over $1 billion," with about two-thirds of that dedicated to schools; officials emphasized protecting reserves and maintaining top bond ratings to lower borrowing costs for capital projects.
The mayor opened Springfield City’s FY27 budget hearings on Friday, saying the city "is now approaching ... a budget of over $1 billion," and stressing that roughly two-thirds of the total is dedicated to the school system. He thanked the finance team and cabinet for balancing budgets in recent years…
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