Pell calls for more money for cities and town after pension deal - ABC6 - Providence, RI and New Bedford, MA News, Weather

Pell calls for more money for cities and town after pension deal

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Dee DeQuattro


Gubernatorial Caniddate Clay Pell says as Governor he willdouble the money that the state gives to local municipalities through theMunicipal Incentive Aid Program in order to help limit the impact of thepension settlement deal.

“As governor, one of my highestpriorities will be to strengthen our cities and towns financially. My firstbudget will include a $10 million appropriation to the Municipal Incentive AidProgram to limit the impact of pension reform on cities and towns. If we’retruly all in this together, we should work to ensure property tax increases arenot the result of changes to the State’s pension system,” said Pell.

Right now the MunicipalIncentive Aid program, which aims to help municipalities improve thesustainability of their retirement plans by providing them with additionalstate aid if they comply with certain requirement, is budgeted at $5 million.Pell says as Governor he would budget $10 million for the program.

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