R.I. House to consider Providence pension obligation bond plan

Nancy Lavin

05/26/2022

THE R.I. HOUSE COMMITTEE ON FINANCE on Thursday voted to send to the full R.I. House of Representatives legislation that would allow the city of Providence to borrow $515 million in a pension obligation bond. PBN FILE PHOTO/ARTISTIC IMAGES

PROVIDENCE – A plan to borrow half a billion dollars to shore up the city’s beleaguered pension fund moved one step closer to reality, with the R.I. House Committee on Finance on Thursday passing the proposal on to the full chamber. The unanimous committee vote sends the bill to floor of the R.I. House of…

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

If you have already logged in and are still seeing this message, please refresh the page as your browser is caching the old content.

Want 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.