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

ddequattro@abc6.com

@deedequattro

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

“As governor, one of my highest priorities will be to strengthen our cities and towns financially. My first budget will include a $10 million appropriation to the Municipal Incentive Aid Program to limit the impact of pension reform on cities and towns. If we’re truly all in this together, we should work to ensure property tax increases are not the result of changes to the State’s pension system,” said Pell.

Right now the Municipal Incentive Aid program, which aims to help municipalities improve the sustainability of their retirement plans by providing them with additional state 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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