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Fall River forecasts $3.2M FY26 shortfall; council transfers $2.5M to city health trust
Summary
CFO Bridget Owen told the Council Committee on Finance that a five-year projection shows a $3.2 million gap in fiscal 2026 and continued pressure from debt and rising health claims; the full council voted to transfer $2.5 million from surplus to the Employer Health Trust Fund.
Bridget Owen, Fall River chief financial officer and director of financial services, told the Council Committee on Finance on Jan. 28 that the city’s five-year projection shows a gap of about $3.2 million in fiscal 2026 and rising uncertainty in future years.
Owen said the forecast assumes property-tax growth limited by Proposition 2 1/2, $1.5 million in “new growth,” and modest state-aid increases; it also incorporates the approved debt exclusion for the new high school and the Diamond debt amortization schedule. “The stabilization fund is just over $17,000,000,” Owen said, and “there is no…
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