Finance Success
- Finance Department recognized with distinguished finance award
- Prestigious Certificate of Achievement for Excellence in Financial Reporting by Government Finance Officers Association of the United States and Canada (GFOA)
- Highest Bond Rating in City’s history – from junk bond status when Mayor took office
- $50 million in reserve funds (rainy day fund)
- Invested $45 million from city stabilization reserve account into US Treasury Notes with a Return on Investment (ROI) of $2 million
- Invested $17 million from Pension Reserve Fund into US Treasury Notes with a ROI of $769,000
- Invested 13 million from Other Post-Employment Benefits (OPEB) into US Treasury Notes with a ROI of $590,000
- Invest in solar energy from Fort River Solar 2 solar array in Amherst, MA as part of Climate Action and Resilience Plan
- Announced Multi-Faceted Tax Relief Plan for FY 23 Budget
- Lowered FY23 property tax rate – lowest rate in over a decade
- Decrease of $1.77 from FY 22 for residential properties
- Decrease of $2.64 from FY 22 for commercial properties