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Elorza's pension proposal relies on a risky approach and an adviser linked with 38 Studios


Elorza s pension proposal relies on a risky approach and an adviser linked with 38 Studios
Published Tue Jun 01 2021 07:20:57 GMT+0000 (Coordinated Universal Time)
The underfunded pension system in Providence is like a time bomb. That’s because the huge shortfall for long-term obligations threatens to overwhelm other parts of the city’s budget. But there are a lot of questions about Providence Mayor Jorge Elorza’s latest proposed fix. Rhode Island’s House Finance Committee is expected to hold an initial hearing on Elorza’s plan this week or next week.
by Ian Donnis
Providence’s pension crisis has its roots in the late 1980s. That’s when the city’s Retirement Board approved unusually generous compounded cost of living adjustments for more than 2,500 city workers and retirees. Decades later, that move helps explain why there’s a $1.2 billion gap between the pension balance and the amount owed to current and future retirees. ....

Rhode Island , United States , Smith Hill , Seth Magaziner , Curt Schilling , Lincoln Chafee , Maryellen Goodwin , Jorge Elorza , Michael Dibiase , Max Wistow , John Marion , Gary Sasse , Government Finance Officers Association , Rhode Island Public Expenditure Council , Retirement Board , Hilltop Securities , First Southwest , Red Sox , General Treasurer Seth Magaziner , Common Cause , Rhode Island John Marion , Hassenfeld Institute , Public Leadership , Bryant University , General Assembly , Majority Whip Maryellen Goodwin ,

LETTER: 'East Street cannot return to traffic free-for-all'


I WOULD like to comment on the future of East Street in Taunton, and whether this street should be reopened to traffic.
I retired in 2018 after 35 years as a town and transport planner, which included involvement in developing bus routes serving the centre of a major regional city.
Taunton is a sub-regional centre of 70,000 people; it is not a small market town.
A centre of that size requires a reliable bus service.
Before the pandemic, congestion arising from the use of East Street by general traffic could result in delays to buses of 15-20 minutes over the short distance from Castle Way to the top of East Reach. ....

United Kingdom , East Street , Castle Way , First Bus , First Southwest , High Street , ஒன்றுபட்டது கிஂக்டம் , கிழக்கு தெரு , கோட்டை வழி , முதல் பேருந்து , முதல் தென்மேற்கு , உயர் தெரு ,