Springfield, Massachusetts faced decades of financial challenges, beginning in the 1980s with budget cuts due to Proposition 2½. By 2004, the city was in a severe financial crisis with a $41 million deficit. The Massachusetts state government intervened, creating a Finance Control Board and providing a $52 million loan. Springfield implemented financial management systems like Munis to improve fiscal oversight. Over time, these systems helped Springfield recover, generating millions in free cash, reducing labor costs, and securing FEMA reimbursements for disasters. Today, Springfield is financially stronger, continuing to revitalize the city and overcome challenges.

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