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Jut a couple of corrections as to the specifics:

1. The number that was stated as unfunded liability is $450 million. As of present, the city is able to "disguise" (as Mr. Cerrone put it) the actual liability, due to the GASB 45 funding formula. As of July1, that formula is replaced with GASB 75 which mandates the actual accrued unfunded liability that the community with be obligated to must be reported. That number now for Warwick is $450 million. $381 mil from city, $70 mil from schools. In addition, Mr. Cerrone also stated that the number $450 is actually low because it takes into consideration a 4% discount rate and each percent amounts to 15% of the total liability. That means since there is ZERO dollars in the fund, 4% of zero is zero, so add another $60 million to the actual debt number. I seem to remember a man named Bob Cushman who presented these facts a couple of years ago in front of a crowd of 3rd grader firefighter adolescents and several drunken DPW workers. All whom thought that the fund was in great shape . AHAHAHAHAHAHAH !!

Cerrone also stated that this year the we need to fund the healthcare with $24,800,000, (not 22 million as the writer stated).

So lets break down the math so even a simple minded person such as Scott Small can understand it. (doubtful)

With a maximum tax increase every year, the city can only increase revenue by $7 - 8 million. Meaning that THERE WILL NEVER BE ENOUGH MONEY TO FUND THE OBLIGATION !!!!! DO YOU UNDERSTAND THAT SCOTTY BOY ?

So all of the promises that were made to you by the charlatan in office will never come true as there is no money to fund it. And although he continues to lie to your face (because he knows he is talking to dummies) he hasn't put aside 1 nickel for your future healthcare.

AHAHAHAHAHAHHAHAHAHAHHAHAHAHHAHAHAHAHAH