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July 22, 2014, 2:36 pm
970 WMAY News

Springfield's Corporate Budget In Good Shape


It’s some of the best news in a long time coming out of Springfield City Hall’s budget office.

 

Budget director Bill McCarty says reductions in headcount and other spending have put city finances back in the black for the moment.

 

The city has a budget surplus of more than $4 million and now shows a positive daily cash balance.

 

But Alderman Frank Edwards notes that some of the city’s increased revenues come from grant money to hire firefighters… money which will run out in a couple of years, leaving the city to pick up the tab after that.

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