Surviving Michigan’s Economy. The Springfield Story. About Springfield. Population: 5,200 Tax levy: 14 Mills AV 2009: $99.5 Million TV 2009: $92.0 Million 2009-10 GF Operating Budget: $2.68 Million 29 Full-Time Employees. Funding Issues. Cash Reserves June 2001: $1.97 Million
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The Springfield Story
According to Department Heads, we had cut to
the bone, and our cash flow problems were all
exclusively related to revenue sharing cuts . . .
there was no answer on the expense side.
Annual Employee Furlough Savings
(assumes $35,000 median salary, FICA, Comp, and 10% MERS contribution):
If all else fails . . .
I’ll meet you at the Downtowner