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Gandolfi Says City Is in Good Shape Financially

November 22nd, 2023 by WCBC Radio

The Cumberland Mayor and City Council heard a presentation on Tuesday from City Comptroller Mark Gandolfi concerning debt affordability.  Three particular areas affect the debt load the city is carrying – the water fund, the sewer fund, and the Municipal Parking Authority. However, the City continues to have an A+ Bond Rating.  Gandolfi told the council that right now, Cumberland is in a good place with a lot to look forward to but also a lot to be careful about…