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

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…

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