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Council advances loan‑order ordinance amid debate over voter oversight and debt thresholds
Summary
After a lengthy debate, the Fall River City Council moved a loan‑order authorization ordinance forward in second reading and enrollment while agreeing to refer related amendment proposals to committee for further work on voter oversight and debt limits.
The Fall River City Council on Jan. 13 advanced an ordinance updating loan‑order (bonding) authorizations after a sustained debate over whether voter approval safeguards should be preserved, updated or replaced.
Councilor Kenyuan, speaking in support of retaining voter oversight in updated form, argued the policy’s purpose is to give taxpayers a voice when the city takes on large, long‑term debt and proposed amending the ordinance to update the monetary triggers to today’s dollars rather…
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