Statements about City Budget

I turned "a $110 million deficit into a $1.6 million surplus for our city."

"Residential property taxes [in Providence] are up nearly 27 percent under Mayor Taveras."

"We see a quarter-billion dollars in a pension fund that needs to be funded at $1.2 billion."

The town of Cumberland has "its highest bond rating in history."

"Providence has more of its pension fund invested in hedge funds and is less transparent" about it than the state.

Under Mayor Angel Taveras "Providence’s bond rating was downgraded from A to BBB, two steps above junk-bond status."  

David Cicilline was "required to provide key information about city finances to an independent outside auditor. The deadlines were clear -- yet [he intentionally] missed them by months" until after the November 2010 election.

"The auditor [for the city of Providence] was not locked out" of access to the city's finances.

Says his reform efforts improved performance at all 10 low-performing schools in Palm Beach, Florida.

If Rhode Island raises the meal and beverage tax to 10 percent, it would be the "fourth-highest in the nation."

"The commercial property tax [in Providence] is second highest in the country behind Detroit."

"I think with the exception of the last year or maybe the last two years, we were at 100 percent" when it came to contributing to the Providence pension fund.

"Mayor Fung wants to punish our children's education by removing 12 million dollars from current funding to pay for his private charter school. Your taxes would increase by between 6 and 8 percent per year."

The Central Falls fire department is "one of the lowest, if not the lowest, paid fire departments in the state and entire region."

Thirty-seven percent of Central Falls’ retired police officers and firefighters are out on disability pensions; in most municipalities, about 5 percent of retirees collect disability pensions.

Central Falls "schools are overfunded by state money by as much as $8 million."

The Central Falls School system "spent $100,000 on a time clock."

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