Budget
Budget
FROM PAGE 1
These meetings serve as an opportunity for councilors to hear from the city staff leading each office and for councilors to suggest their own revisions to proposed spending.
Those talks kick off at
At this first meeting, Marchetti is slated to present an overview of the budget and his five-year capital improvement plan. The capital improvement plan, which covers fiscal years 2025 through 2029, calls for
THE'COMPROMISES'
The mayor's letter lays out the financial factors he is balancing. On one side there are increasing costs. This year there will be about
Even so, Marchetti had city staff go through the exercise of listing the cuts and impacts that would be required to create such a budget. The mayor presented those findings during the annual joint meeting of the council and
The picture the mayor painted of a level-funded budget included major staffing and service changes - particularly from the city's four largest departments.
The school department would have had to eliminate more than 100 staff members, the fire department would have needed to cut its overtime and shut down a firehouse on a rotating basis, the
BUDGET, Page 5
Budget
FROM PAGE 4
and two park maintenance workers.
Marchetti said a level-service budget - one that maintains staffing and city services and programs at their current level - just isn't in the cards.
"After we finalized the level-service budget we were looking where we were and we were still at a place where under the levy we couldn't raise enough taxes to fund the budget," Marchetti said.
State law prevent cities from raising taxes to an amount more than 2.5 percent of the community's "full and fair cash value" of the taxable real estate and personal property in the city.
The difference between Pittsfield's levy limit and the taxes needed to create a level-service budget was quite a gap. The mayor said when he realized the deficit between the numbers, he went back to the department heads for the
His final budget proposal avoids many of the predicted staffing cuts by making reductions to the department's supply and expense budgets. This year, Marchetti received - outside of the school department budget - requests for
The budget put forth by Marchetti avoids many of those staffing cuts - but not all of them.


More than 350,000 people cut from MassHealth in last year
Maine Senate Democrats: Senate Sends Sen. Ingwersen Bill to Ensure Public Employees Have Access to Governor's Desk
Advisor News
- A rising retirement challenge: The license to spend
- Financial stress leaves less room for retirement saving
- Giving while you’re living: 3 frequently asked questions about gifting
- Helping clients prepare for one of their biggest retirement expenses
- Important year-end financial conversations every advisor must have
More Advisor NewsAnnuity News
- A rising retirement challenge: The license to spend
- What lower interest rates mean to annuity payouts
- AM Best downgrades A-Cap insurers amid financial and regulatory troubles
- Lawsuit claims Delaware Life hid billions in insurer-linked investments
- AM Best to Deliver Presentation at 2026 ACLI Annual Conference
More Annuity NewsHealth/Employee Benefits News
Life Insurance News