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First off, let's get the record straight. According to Mr. Newton's comments at last nights' council meeting, he does NOT tell anyone what to do. His job, as he stated a number of times, is to crunch the numbers. Fund, not to fund, amortize 30, amortize 40 years? That is up to the city to decide.

And regarding the Mayor, "crazies"? It is getting to the point, if we are not already there, that Mr. Howell is devoid of questioning this Mayor in any intellectual way regarding the financial viability of this city. These so-called "crazies", DO HAVE considerable more financial experience then Avedisian and have in fact worked in the REAL WORLD vs. his entire career in Govt.. The way the "police & Fire 1" pension sets up, or should I say we, the taxpayer is being SET UP, Avedisian will be long gone from Warwick's Govt. when the S....T hits the fan, so to speak. In fact, the actuarial report shows only a slight increase in taxpayer contributions through Cy2017. But, what happens then, from a taxpayer contribution of $14.3 million in 2013, we go to $18.9 Million in 2019, to $25.1 Million in in 2022, topping off at $31.1 Million in 2026. So, you can see, there is some time to plan for this. But remember, there is also that HUGE unfunded health care liability that has to be paid as well. So what is the plan?? Calling people that question, "crazies"?

Someone might ask how this administration is PLANNING for the city to pay this huge outlays. They also might ask, who the "crazy" one is that runs a city and has no plans regarding how to pay for almost a Billion Dollars in liabilities.

From: Mayor argues to hold course on pension plan

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