Lewiston Street project holds over $16 million in unspent ARPA funds

A significant financial discussion dominated the Fall River City Council meeting on May 28, 2025, as officials focused on the substantial $16 million allocated for the Lewiston Street project. Council members expressed optimism about the project's progress, emphasizing that as funds are expended, confidence in the city's financial management will grow.

Councilor Citi highlighted the importance of the American Rescue Plan Act (ARPA) funds, noting that the city has received multiple deposits. However, questions arose regarding the specifics of these funds, including their current investment status and management. The interim Chief Financial Officer (CFO) clarified that details about the investment income and fund allocation would need to be addressed by the Treasury and Collector's Office, as they handle these financial matters.

The conversation underscored the urgency of meeting deadlines associated with ARPA funding, with council members reiterating the importance of adhering to expenditure requirements. As the city moves forward, the successful completion of the Lewiston Street project and the effective management of ARPA funds will be crucial in bolstering public trust and ensuring the city's financial health.

The council anticipates further updates on these financial matters, which will be vital for planning and executing future projects.