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City finance office outlines FY26 risks: healthcare, solid waste and Diamond stabilization plan
Summary
Interim city finance officials told the council the city faces near‑term pressure from rising health‑insurance costs, solid‑waste contract increases and the upcoming Diamond long‑term debt assessment; staff proposed a Diamond stabilization fund and steps to rebuild the healthcare trust and tighten budget practices.
Emily R. P., interim director of finance for the city, presented an overview of Fall River’s fiscal position and FY26 budget timetable during the joint council–school session. She said the presentation reflected the city’s view of general fund pressures beyond the school budget: rising health‑insurance costs, solid‑waste contract increases, and an upcoming long‑term debt assessment for the Diamond project.
The finance director said local receipts for FY25 are projected above budget and investment income has been strong this year, but warned those revenue gains are unreliable and cannot be relied on in future years. Emily R. P. said the city is tracking healthcare trust fund shortfalls after several years of under‑funding plus recent…
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