Elorza seeks to head off concerns on pension bond proposal in pitch to lawmakers

PROVIDENCE MAYOR Jorge O. Elorza on Wednesday pitched the city plan to borrow up to $704 million through a pension obligation bond to the House Finance Committee. / PBN FILE PHOTO/STEPHANIE ALVAREZ EWENS
PROVIDENCE – Whether selling city bonds to investors is a creative solution to the seemingly intractable Providence pension problem or an overly risky venture with potentially devastating consequences depends who you ask. Mayor Jorge O. Elorza made his pitch to the House Finance Committee on Wednesday on the proposed $704 million pension obligation bond, based…

Register to keep reading or subscribe today and receive unlimited access.
Register Now Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

No posts to display