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CHAPTER 9, end of story. The State can't file for Chapter 9 ( in perfect world, it should) but cities and towns can, i.e., Central Falls...coming to a community near you because just about every City and Town is a financial basket case. All of the people who "negotiated" these deals from the State level down to the cities and towns should be indicted by a federal grand jury for massive fraud. They all had advice from their own accountants and actuaries, they had access to audit reports from the Auditor General going back a decade. The testimony was also given before the House Finance committee during budget hearings. The warnings were clear, unambiguous, and to the point as to the direction of unfunded liabilities and healthcare benefits being unsustainable and financially reckless. They all went ahead anyway, throwing the public taxpayers and newly hired union workers under the same financially broken bus. It is a mute point anyway, people are voting with their feet as Warwick's population over the last 10+ years is a reflection of the trend throughout the State. The old bromide will become a RI truism, "You can't get blood out of a stone, or tax it either." You best listen to what this guy Cushman has to say. I'm told he has an MBA, which puts him light years ahead of some of the inane comments here and also light years ahead of this dullard, council President.

From: Cushman report has council divided

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