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The city treasurer is an elective position that has a term of four years.  The city treasurer provides a direct voice of the people regarding the management of all cash and all invested public funds. In general, the treasurer's office provides banking and investment services with minimum service cost and maximum yield on investments.

The office of the Treasurer is responsible for receipt, accurate accounting, disbursement of all funds both public and trust accounts, and prudent investment of all City funds in order to maximize yields while maintaining adequate liquidity. The Treasurer’s office receives all monies which come into the city, pays all bills, including payroll; is responsible for the administration of employee health and life insurance programs; works with the Assessor's, Tax Collector, and City Auditor’s departments to ensure the smooth and efficient operation of the City’s finances. 

In addition, the Treasurer is responsible for investing the City’s funds in accordance with guidelines imposed by Ch. 44, Sec. 55, of Massachusetts General Laws. The Treasurer executes all short and long-term borrowing which the Mayor has authorized, with approval of the City Council.

The Treasurer manages the City’s property, which is in Tax Title or Foreclosure. The Treasurers Office places all outstanding taxes on agreements to be paid in a timely manner, if payments are not made or no agreement can be reached, a foreclosure process is done. Delinquent property is turned over to the Treasurer annually, when the Tax Collector does a tax taking; i.e., puts a lien on the property.

By virtue of the office the City Treasurer is also the Treasurer of the Holyoke Retirement Board, Holyoke Gas & Electric, and the Whiting Street Fund.

For a more detailed understanding of the Duties and Responsibilities of the Treasurer please read this Excerpt of MCTA Treasurer (Chapter 2 Duties & Responsibilities of the City Treasurer)

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On at least an annual basis, the City issues debt to finance capital projects, including streets, schools, storm-water, water utility, sanitary sewer, and power utility. In connection with the City’s most recent borrowing, the City requested a rating from Moody’s Investors Service. Moody’s assigned a rating of A1 to the City’s debt. The Moody’s rating report indicates the rating reflects the City’s sizable, diverse and affluent tax base, strong financial position, and low debt levels. A copy of the Moody’s credit report can be reviewed on below.

How Much Can I Contribute to my 403(b) and or 457(b)?

Starting on January 1, 2013 the IRS has raised the yearly limit to $17,500 and we are expected them to increase this amount by $500 increments in 2014.

For more detail information click on this PDF. How Much Can I Contribute?

Have you noticed that your Net Pay has changed?

Here is the reason why. During the course of the year the Commonwealth allows for the first $2,000 contributed to Social Security (FICA), Medicare, Massachusetts, United States or Railroad Retirement systems to be exempt from the States 5.25% Tax.

Once you’re total withholding’s for these reaches $2,000 we are required to discontinue the exemption and tax the full amount.

For more information on the deduction please refer to Massachusetts Circular M, page 12. As always should you have any questions please don’t hesitate to contact this office.

Additional Forms

Fed W4 2011 

Direct Deposit Form

Mass M4 REV 2008

Bi-Weekly Time Sheets Rev 05 2012

Bi-Weekly Time Sheets Rev 05 2012

2012 2013 Health Ins Rates