New Bedford Councillor Proposes Revolving Fund for Building Repairs
New Bedford City Councillor Joe Lopes wants to see the City ween itself off the bonding process for property upkeep.
Lopes is proposing a revolving fund for the maintenance of City property, that would be included in the City's budget every year.
The Ward Six Councillor says though the City bonds for similar projects through the Capital Improvement Plan, he'd like to see the City provide it's own funding. "And this would allow us to have the resources we need to do it over time. You wouldn't have all the funds in the beginning that you would need, but you can build it up and then have those funds necessary to do ongoing maintenance," says Lopes.
The proposal heads to the City Council Thursday night.