SPRINGFIELD — Strong returns on investments has left the city with $21.2 million in free cash, topping last year’s total by about $2 million.
Although the money was approved less than three weeks ago, the city already has earmarked more than $6 million for different expenses.
Free cash is money raised throughout the previous year on income generated through fees, such as from building permits, as well as funds budgeted but not spent for a variety of reasons, like not filling vacant positions.
