Buon anno fratello
buon anno davvero
e spero
sia bello,
sia bello e leggero
Testo completo (full lyrics) at angolotesti.com
Good year brother
good year, truly
and I hope
that it's beautiful,
that it's beautiful and light.
"sia" is the subjunctive (congiuntivo) of "essere"
—clauses after the verb "sperare" (to hope) require the subjunctive!