This plan tying water revenue to pension liabilities is all wet

LEGISLATION INTRODUCED this month in the General Assembly proposes creating a statewide water authority to centralize oversight and operations of the 490 public water-supply systems in Rhode Island. / COURTESY ­PROVIDENCE WATER SUPPLY BOARD
LEGISLATION INTRODUCED this month in the General Assembly proposes creating a statewide water authority to centralize oversight and operations of the 490 public water-supply systems in Rhode Island. / COURTESY ­PROVIDENCE WATER SUPPLY BOARD
The post-retirement benefit Armageddon that awaits Providence has inspired a state legislator to offer up a bill that would help the city deal with the issue with seemingly few political consequences. The legislation establishes a statewide water-supply authority that would take over the administrative responsibility for managing any or all of the state’s 490 public…
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