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Taunton finance team says city prepared for possible federal funding pauses through July
Summary
City finance leaders told the council they have reconciled federal awards, modified contracts to allow pausing work if reimbursements stop, and maintain contingency plans that the city and schools can operate through July 1, 2025; stabilization reserves have grown to roughly $40 million, they said.
Taunton’s finance team briefed the municipal council on steps the city has taken to track federal grant exposure and to prepare for potential funding pauses or cuts at the federal level.
Mayor O’Connell opened the presentation by saying the administration and its finance experts have been monitoring changing federal guidance since January and invited the finance team to summarize what they have done. The city’s finance lead summarized a reconciliation of federal awards, noting that the team had reviewed…
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