SPRINGFIELD – The City of Springfield is grappling with financial issues, as a recent report uncovers a long-term structural imbalance and a short-term budget deficit within the General Fund.
This imbalance has been largely attributed to decades of limited property tax growth due to state measures, while the current deficit reflects the impacts of inflation and broader economic pressures across various levels of government, according to the report published in this month by ECO Northwest, an…
