As might be expected for an elected official, state Treasurer Gina Raimondo isn’t making any bold predictions about the outcome of a court case challenging last year’s pension overhaul.
Raimondo says her office will work energetically to defend the overhaul, but she adds:
“I think it’s premature to say precisely what the winning arguments are in this case.”
Raimondo wouldn’t go so far as to predict an outcome. The treasurer does warn, however, of a sharp impact if the state winds up losing in court:
“If this law is overturned, the state will send a bill this fiscal year to municipalities of about $102 million. That means a $13 million bill to the City of Providence, an $11 million bill to the City of Cranston, $7 million bill to Pawtucket, $6 million bill to Woonsocket. So the numbers are substantial . . .”
The litigation by a series of unions is moving into the discovery phase. Superior Court Judge Sarah Taft-Carter is expected to make a decision in the case before the start of the next fiscal year on July 1, 2013.