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Audit: R.I. General Fund revenue exceeds expenses by $30.7M in FY...

PROVIDENCE – Rhode Island General Fund revenue exceeded expenses by $30.7 million in fiscal 2020, according to a report from the R.I. Office of...
SETH MAGAZINER, the state’s general treasurer, came out with a report that found seven Rhode Island municipalities have financial liabilities exceeding recommended levels./PBN FILE PHOTO/MICHEAL SALERNO

State finds seven municipalities with excessive financial liabilities

PROVIDENCE – Seven Rhode Island cities and towns have debt and pension liabilities in excess of recommended limits, warranting heightened attention from officials in...
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

This plan tying water revenue to pension liabilities is all wet

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...
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