Finance Success

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


The Committee to Re-Elect Mayor Sarno
1889 Wilbraham Road
Springfield, MA 01129

Phone: 413 334 9953


Saturday, July 29th: 10:00-11:30 @ Page Blvd & Roosevelt Ave., Second Location: Mason Square

Thursday, August 3rd: 4:30-5:30 @ Plainfield St, Towards the North End Bridge

Thursday August 10th: 4:30-6:00 @ The X, HQ, and Gus & Pauls

Saturday, August 12th: 10:00-11:30 @ Parker and Main St. Indian Orchard

    Copyright © Sarno for Mayor 2023. All Rights Reserved.