February 02: Massachusetts Cuts Shannon Grants; Lynn Secures $327K
Massachusetts awarded $8.4 million under the Shannon Community Safety Initiative, with the Lynn Shannon grant set at $327,223. For Japan-based investors, this matters because state budget cuts can ripple into municipal credit, fund NAVs, and service providers’ revenue. Lynn’s allocation equals about ¥49.1 million, while the statewide pot is roughly ¥1.26 billion, assuming ¥150 per USD. We outline why the reallocation, including ~30% cuts in cities like Springfield, could affect US muni exposure and related contractors.
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