House Commission to Address ‘Looming Crisis’ in Municipal Budgets
Wednesday, February 16, 2011
“We are now well aware of the problems facing Central Falls, but unfortunately these fiscal troubles are not unique to this one community,” said Fox, who announced his plans for the commission in his inaugural address at the opening of the session.
The new commission is composed of seven representatives from across the state, with Rep. Jon D. Brien (D-Dist. 50, Woonsocket), the current chairman of the House Municipal Government Committee, acting as the chairman.
In the hopes of finding proactive solutions to ensure municipal financial stability, the commission plans to study, among other things, the financial impact of local bond ratings and the funding of municipal pension plans and protocols.
In addition to these areas of focus, Fox has made it clear that the commission will also be looking into the recommendations made by retired Superior Court judge Mark Pfeiffer, who served six months at the state-appointed receiver in Central Falls.
During his time in this position, Pfeiffer made a series of recommendations that assisted the troubled city and could potentially serve as a model for other communities in financial crises.
“I am hopeful the solutions that we craft to address the Central Falls situation will provide protocols for the state and other municipalities to proactively deal with similar financial issues,” Fox said.
- 10 (More!) Under $20: Local Fun on a Budget
- Cost in the Millions: Unused Sick, Vacation Time Threaten City Budget
- Obama Budget Cuts Will Win Him Re-Election
- Storms Bust City Snow Budgets
- Angry Reactions to ‘Nightmare’ State Budget
- GoLocalProv Exclusive Interview: Taveras Promises to End Budget Deficit
- Politics RI - Candidates & Governor on State Budget
- The Cellar: Budget Bubbles for New Year’s Eve
- Blizzard of 2010: Municipal Budget Buster
- House Budget Cuts Would Have Big Impacts in RI
- Prov. City Council Poised to Approve $638M Budget
- The fool’s gold budget and our response: Vote ‘em out!
- Budget Moves Forward Without Governor
- How Your Taxes Will Be Affected By New State Budget
- Providence Mayor, Council Square Off on Raises in Budget
- Vacation Close to Home: Summer Rentals for Every Budget
- NEW: Cicilline Says Budget Cuts Must Be ‘Responsible’
- RI Campaign 2010 – Lynch Says State Needs Two-Year Budgets
- Who is in Charge of the State’s Budget Policy?
- Chafee Plans to Tackle State Budget in Special Summit
- NEW: State Budget Due Tomorrow—Chafee Asks for Extension
- RI Favorites – Providence Budget Crisis
- Your Cheat Sheet on the State Budget
- Chafee Takes on Budget Deficit in Special Summit
- New Providence Budget: A Cheat Sheet
- Rhode Island Valentine’s Getaways for Every Budget
- Cicilline Urges Carcieri to Reconsider Budget Deficit Plan
- No Budget for the City of Providence
- State Budget Hinges on $100 Million in Federal Aid