READ THE REPORT: Providence Finances - Benchmark Report - 2016
GoLocalProv News Team
READ THE REPORT: Providence Finances - Benchmark Report - 2016
How will City Hall use the data in the report?The City of Providence released The National Resource Network's "City of Providence Ten Year Plan" on Monday -- and here it is below.
Writes The Network:
The City’s projected baseline fiscal gap is principally driven by four factors:
* The City’s unfunded pension and OPEB liabilities
* Growing health benefits costs (health care and other benefits)
* Revenue growth that cannot balance long-term expenditure growth and the past loss of State Aid
* Maintenance of high carrying costs (e.g. workforce levels, overtime)
Providence Finances - Benchmark Report - 2016
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