Springfield Regional Chamber Supports Tax-rate Proposal
The Springfield regional Chamber of Commerce announced that it supports Springfield Mayor Domenic Sarno’s recommendation for the city’s fiscal year 2022 property tax rate, which would reduce the commercial and industrial rate level from fiscal year 2021. “This reduction will support our hardest hit business sectors like our retailers, our restaurants, and our hotels, especially those that saw their property values decrease as a result of the pandemic,” the chamber said in a statement. “We understand the mayor’s need to provide tax relief to the city’s residents during these economically difficult times despite their rising property values, but we appreciate the fact that the mayor recognizes the challenges that continue to face our business community as well. Through his rate recommendation, the mayor has found a way to balance the needs of all constituents while serving as a catalyst for the economic recovery of the city.