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Archive - Oct 27, 2011 - News Article

Chafee pitches pension plan to Chamber

October 27, 2011

LINCOLN — Holding his finger and thumb less than an inch apart, Gov. Lincoln Chafee told the Northern Rhode Island Chamber of Commerce Thursday that the state is “this close” to intervening in the financial affairs of East Providence, at least in part due to pension obligations.
“Nobody wants to hear the word Central Falls, but — trust me, it’s not just in Rhode Island, all across the country — municipalities are really under stress. And here in Rhode Island, this is our time to help these municipalities.

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