NEW: EngageRI praises Chafee’s address
Thursday, January 17, 2013
Moments ago, John Galvin, Chairman of EngageRI, the powerful pension reform advocacy group, said the governor “quietly heralded a new day for Rhode Island” with his speech to the General Assembly and his proposed fiscal year 2014 budget.
“While the 2011 pension reform law was not mentioned, Governor Chafee was able to use approximately $250 million saved by reform in FY14 to cut taxes and fund his priorities,” Galvin said. “Because of the passage of pension reform, Governor Chafee was able to ask for increased aid to education, increased funding for our universities and an incentive for municipalities to reform their pension systems. These are positive steps that will mean a brighter future for Rhode Island and they were made possible because of comprehensive pension reform.”
“As the General Assembly begins its work this session,” he continued. “It is more important than ever to thank the House and Senate leadership for their staunch support of pension reform and remind all members of the General Assembly that preserving the Rhode Island Retirement Security Act will be a critical part of Rhode Island’s future success.”
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