Dave Duffy was the co-founder of a public-relations firm in Providence which has evolved into a digital public-relations boutique championing national clients.
Elorza s working group frames Providence pension crisis as a statewide issue Published Mon Jul 26 2021 22:22:54 GMT+0000 (Coordinated Universal Time) Members of a new pension working group unveiled Monday by Providence Mayor Jorge Elorza said residents and elected officials across the state need to be more concerned about the threat posed by the pension crisis in the capital city. by Ian Donnis
After Elorza made preliminary remarks during a virtual news conference, most of the other speakers underscored the need for all Rhode Islanders to be aware of Providence’s $1.2 billion in unfunded pension obligations.
City Council President John Igliozzi said even some elected officials don’t realize how the pension gap “is a constant drag on the city’s growth and ability to move forward. By the way, if the city can’t move forward, neither can the state. That’s why this pension issue is so important to address.”
Providence Mayor Jorge Elorza on Monday announced a working group to reconsider how to address the city s massive unfunded pension liability.
The announcement comes after a bill to authorize a $704-million pension obligation bond failed to pass before the close of the legislative session.
However, Elorza said it s not an idea that we have abandoned but something that we’re going to actively look at. The scope of our procedure should not be limited to just that, he added, making clear that he will also consider alternatives. Let’s look truly comprehensively to what reform looks like for our structural financial challenges that we have.”
GoLocalProv | Rhode Island Ranks #48 for Starting a New Business, Second Poor National Ranking in a Week golocalprov.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from golocalprov.com Daily Mail and Mail on Sunday newspapers.
Bank of America Names Kevin Tracy President of Rhode Island
William Hatfield to retire as Market President after 40 years with the company June 2, 2021 at 11:00 AM Eastern
Bank of America has named Kevin Tracy as President of Bank of Rhode Island. Tracy succeeds Bill Hatfield, who has served as Rhode Island market president since 2004 and market executive for Bank of America Private Bank in Rhode Island, announced his retirement last month.
During his time as president in Rhode Island, Hatfield has been a critical leader in the community focused on leading and delivering for our employees and clients, while acting as a champion for the company’s responsible growth strategy. He has served as Chairman of the Board of Trustees for the Greater Providence Chamber of Commerce and a member (and former Chairman) of its Board of Directors. Hatfield has been a member of the Rhode Island Commodores Board of Governors and served as the founding Board Ch