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Message: From GoLocalProv by Paul J. Spetrini, GoLocalProv News Editor: In an attempt to close a projected budget shortfall for the 2013 fiscal year, the city of Providence will reportedly ask the state for an additional $4-$5 million in municipal aid. The news comes following a report released last week by Internal Auditor Matt Clarkin that, due to a depleted reserve fund and a number of major underfunded obligations including annual required pension contributions (ARC), Providence is about $11.2 million short of what it needs to attain a balanced budget after the second quarter of the year. http://www.golocalprov.comhttp://beta.golocalprov.com/does-providence-deserve-a-bailout