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Category: Finance

Holyoke’s Fiscal Health Narrative – Mayor

It’s been about 1 year and 8 months since I took office as Holyoke’s mayor. When I sought office, I had a dollars-and-cents ambition: to strengthen internal controls and better manage our municipal finances. I strongly believed— and still do — that if we cultivate a culture of responsible management, face-to-face communication, and a commitment … Continued

Mayor’s State of the City Speech

On May 16, 2023, Mayor Garcia delivered to the City Council a State of the City presentation along with the proposed FY24 City Budget. The technical summary and the workbook documents of the City Budget can be found here: The following is the full text of the Mayor’s State of the City speech – … Continued

Mayor’s Proposed FY24 City Budget

The following is a snapshot overview of the FY24 proposed budget in detail (note: these are subject to change between now and June 30, 2023): FY24 Holyoke Consolidated Budget Workbook  FY24 Proposed Working Budget Detailed This budget is based on what we understand to be our revenue and expense projections and a fairly balanced understanding … Continued

Standard and Poor’s (S&P) Affirms A+ Bond Rating for Holyoke, credits Holyoke’s strong budgetary performance

Citing Holyoke’s strong budgetary performance, liquidity and institutional framework as positive credit factors, Standard & Poor’s (S&P) Ratings Services, a municipal credit rating agency, has affirmed its A+ underlying rating on the City’s long-term debt. “This is a significant financial achievement for the City of Holyoke,” Mayor Joshua A. Garcia said. “Not only because of … Continued

FY24 Budget Planning process has begun

The new budget preparation season is here! Department Heads were sent instructions for preparing their anticipated budget needs for the next fiscal year. Their completed budget will be a primary source for the preparation of our entire City budget. The Auditor is working with the City Treasurer to update revenue receipts so we can forecast … Continued

REPORT – Reclaiming Vacant Properties Conference

On September 8, 2022, 9 City of Holyoke staff members from 5 different departments attended the 2022 Reclaiming Vacant Properties Conference in Chicago. These employees include: Aaron Vega – Director, Office of Planning and Economic Development Jennifer Keitt – Development Specialist, Office of Planning and Economic Development Jack Carolan – Planner II, Office of Planning … Continued

Proposed FY23 Supplemental of the Supplemental Budget

This communication is a snapshot overview of the submitted supplemental of the supplemental budget for FY23 proposed to the City Council for review and approval which results in adjustments in areas to get us closer to our target objectives. The city budget concludes with an additional $124,911 to the overall budget from what was last … Continued

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