Most Active Stories
- Lorne Adrain Exits Providence Mayoral Campaign
- Scott MacKay Commentary: More Twists In Providence Mayoral Contest
- Cianci Says He Expected A Two-Man Fight When He Entered the Mayoral Race
- TGIF: 12 Things to Know About Rhode Island Politics & Media
- Scott MacKay Commentary: The R.I. And Mass. Casino Conundrum
Thu March 7, 2013
East Providence Well on Its Way to Fiscal Health
The City of East Providence says there are just a few more details to button up before it waves good-bye to the Budget Commission that’s been overseeing city finances. A state-appointed finance officer will step in next.
The city has paid off its debt, closed a $7.2 million budget gap, renegotiated contracts with its schools and municipal workers, and the task now, is sealing a deal with the police and fire unions.
City Manager Peter Graczykowski,says that should be done by March 28th, when the state-appointed budget commission is expected to disband. “You know I think the commission has done a lot of good work here in East Providence, but I think everybody is ready for the commission to turn over the government of the city back to the city council and the city manager.”
Besides the $7.2 million budget gap, East Providence owed millions to Bradley Hospital and had a public safety pension only 30 percent funded.
Much of that is fixed, says Graczykowski, thanks to sacrifices by city workers. “By that I mean we had 20 percent cuts in all of the budgets in the school and the city side, so that’s a big part of it.”
Also, Graczykowski says, thanks to a $49 million settlement with Google, police and fire pensions are now 60 percent funded.
Do you have insight or expertise on this topic? Please email us, we'd like to hear from you. email@example.com