|Written by Administrator|
|Saturday, April 12 2008 04:31|
Jon D. Lumbra City Treasurer 2010 -
The primary function of the Treasurers Office is to preserve, protect and manage the financial resources of the City. 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.
Contact: Jon D. Lumbra, City Treasurer
Phone: (413) 322-5560
Fax: (413) 322-5561
Location: City Hall - Room 17 (Lower Level)
City Bond Rating: Moody's A1 Moody's 14 Feb 2010
S&P A+ (SPUR)/Stable S&P 30 APR 2010
Long Term Debt: Debt Schedule as of 08 04 2011
If no new debt is added all debt will be paid in full on 06/30/2037
|Last Updated on Friday, March 30 2012 12:16|