PODCAST: Is Bankruptcy For Providence on the Table?

GoLocalProv News Team

PODCAST: Is Bankruptcy For Providence on the Table?

Is Providence out of the clear for bankruptcy? While the city averted a $100 million plus structural deficit in 2011, Providence is facing a projected $17 million to $24 million budget gap in Fiscal Year 2016 (and even higher in FY17) - combined with an unfunded pension liability of $831 million.

 

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