PROVIDENCE – Despite ending fiscal 2016 with a $10.3 million budgetary surplus, long-term obligations continue to paint a dreary financial picture in Providence. The city’s unfunded pension liabilities grew 9.4 percent – or $84.3 million – to $985.1 million during fiscal 2016. At the same time, the city continued a long-time trend of underfunding its…
Want More Free?
To access 2 more articles, please log in or register for free.
Registered users get access to a limited number of free articles every month.