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Mayor Kugan says Fall River’s finances are strong and unveils a five‑year capital plan
Summary
At the One South Coast Chamber event, Mayor Paul Kugan reported more than $24 million in stabilization funds, over $40 million in reserves and an A3 credit rating; he also announced a finalized capital improvement plan for fiscal years 2027–2031 to guide investments and transparency.
Mayor Paul Kugan told the One South Coast Chamber that Fall River’s finances are in a healthy position and unveiled a new five‑year capital improvement plan intended to guide investments and improve transparency.
“I am proud to report that despite its fair share of challenges, Fall River stands just as strong today, if not stronger than it did last year,” Kugan said. He reported that the city has “over $24 million in stabilization and…
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