R.I. governor, mayors say state must help cities now
Warn governor of financial crisis
Rhode Island mayors told Governor Lincoln Chafee yesterday that they need the state’s help in tackling underfunded pension plans and chronic deficits, warning that cities could be forced to seek bankruptcy protection if nothing is done. Chafee met privately with leaders from the state’s cities and towns for two hours yesterday on the financial crises roiling local budgets. Following the session mayors said they want additional school funding, relief from burdensome state regulations, and greater power to reduce pension benefits.