Springfield City Council 11/19/24 Special Finance Real Estate Tax Classification

Springfield City Tax Classification Committee · November 13, 2025

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Opening, roll call and committee composition

Presentation

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Meeting convened; chair welcomed members, introduced two newly added committee members (Regina Tillery and Ruth Ann Hamilton Studs) and noted eight attendees plus finance staff and Council President Fenton on screen. Chair outlined the schedule: this is the committees second detailed meeting and will feed a Monday City Council public hearing.

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The Springfield City tax-classification committee reviewed certified assessed values and voted to recommend the mayors "max shift" residential tax factor (0.779096) to the full City Council and approved asking the mayor for an additional $2,000,000 in levy reduction funding. The committee discussed new growth, exemptions, PILOTs, MGM21A revenue, free cash and reserve concerns ahead of a City Council public hearing Monday.

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Transcript

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