RIPR News
3:05 pm
Mon July 26, 2010

Caprio says office move will save RI millions

Providence, R.I. – General Treasurer Frank Caprio says his office is saving Rhode Island about $4 million over the next 10 years by relocating from Providence to an unoccupied state-owned building in Warwick.

The move was approved by the state Retirement Board two weeks ago.

Caprio, a Democratic candidate for governor, issued a news release Monday about the move _ the same day his opponent, independent Lincoln Chafee, scheduled a press conference to announce his plans to make better use of unoccupied state-owned
buildings.

Nick Hemond, a spokesman for the Caprio campaign, said he wanted to draw attention to what he called Caprio's record on saving money for the state.