- a deficit of $41 million in FY05 to a surplus in FY06 (and 07)
- a free cash position of minus $41 million in FY04 to plus $10 million in FY06. Oops, but I am understating their progress, aren’t I? In the Springfield Republican of today, there is an article noting that the FC position is actually plus $17 million.
And how was all this accomplished? Hmm. Perhaps it was the usual bellyaching about the need for a huge new cash infusion into municipalities? Nope. Was it reforms put forward by the Mass. Municipal Association? Nope. Uh, golly, please tell me how they did it?
- Putting the locally managed pension system into the state PRIT system (Go here)
- Being the first city in the state to join the Group Insurance Commission (2006 BGC, media work)
- Managed competition (Too many studies to list!)
- Negotiating long-term, predictable and affordable contracts with municipal unions (Need I say more!)
Ever heard of those ideas before?
The Finance Control Board met yesterday and, with the Mayor’s vote in favor, its tenure was extended for two more years.