RI Gov., Mayors to Hold Summit on Fiscal Crisis
PROVIDENCE, R.I. (AP) – The financial problems facing Rhode Island's cities and towns will be on the agenda at a Statehouse meeting.
Gov. Lincoln Chafee has invited the mayors and managers of the state's 39 municipalities to the Statehouse Thursday for two hours of talks on fiscal constraints that have several cities on the verge of insolvency.
Many of Rhode Island's cities and towns are struggling with chronic deficits and rapidly increasing pension costs. Chafee, a former Warwick mayor, says he wants to gather input from local leaders as lawmakers look for ways to help.
Already the state has had to assume financial control of two cities – East Providence and Central Falls.
Thursday's meeting won't be open to the public or the media. Chafee plans to deliver public remarks following the summit.
(Copyright 2012 by The Associated Press. All Rights Reserved.)