New Bedford ends FY2025 with $4.8 million surplus, first full under

New Bedford concluded fiscal year 2025 with a $4.8 million spending surplus—about 1% of its $475 million general fund budget—marking the first time since 2012 that every department and spending category finished at or below projections, thanks to strict oversight by the finance department and auditor’s office, which enforced budget transfers and rejected numerous spending …