Everything you should know about Providence’s improving-but-still-shaky finances
By Dan McGowan
Published: February 8, 2018, 1:12 pm Updated: February 8, 2018, 1:51 pm
PROVIDENCE, R.I. (WPRI) – Mayor Jorge Elorza used part of his State of the City address this week to tout progress on Providence’s short-term finances but also warn that the city still needs to address its massive unfunded liabilities for retirees. And he wasn’t just being cute with his words.
So how is it possible report budget surpluses while also staring down billions of dollars in long-term problems?
Here’s a cheat sheet that might help explain things.
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