SPRINGFIELD – City councilors are moving forward with a .1% rate as a proposed employer and employee payroll tax, which was discussed during Monday night’s city council meeting. The proposed rate is estimated to generate $2.45 million within the first year of implementation.
The decision is part of a multi-pronged approach to stabilize the City’s General Fund, based on recommendations from the Fiscal Stability Task Force. Finance director Nate Bell shared a five-year forecast, including…
