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September 21, 2014, 11:09 am
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Palazzolo: City Should Work With Other Taxing Bodies to Keep Burden Low


A candidate for Springfield mayor says if the city has to consider a tax increase to shore up police and fire pensions, he would ask other local governmental bodies to lower their tax rates to offset the burden on city residents.

 

Paul Palazzolo offered the idea after Mayor Mike Houston said this week that the city may have to find a dedicated revenue source to address the unfunded liability in public safety pensions, since help from the state appears increasingly unlikely.

 

Palazzolo says a strong leader should be able to convince other taxing bodies that a stronger, more financially stable Springfield is better for everyone in the long run.

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