Mark Smiley, President of the Republican State Chairman’s Caucus commented yesterday on the financial nightmare in the city of Providence left behind by previous Mayor David Cicilline. Providence is in a fiscal crisis after Cicilline robbed the cities rainy day fund and borrowed millions to balance the budget last year.
“David Cicilline chose not to make the hard choices and reign in the financial storm that was occurring while he was mayor. He chose to rob Providence of its future and to continue the poor practices already in place. Cicilline attempted to balance the budget utilizing stimulus money that he knew wasn’t coming so that his mismanagement of Providence wouldn’t interfere with his run for Congress. ” said Smiley.
According to Mayor Angel Taveras’ Municipal Finances Review Panel, Providence is dealing with a pension that is underfunded by $2.3 billion and additionally the unfunded liability is even more severe in health-care costs for retirees. The city has just $1 million saved to cover an unfunded liability of $1.5 billion, according to the report.
“Now we know why David Cicilline chose to run for Congress rather than seek another term as Mayor of Providence. It was time to run away from the mess he created and leave the city holding the bag. It is clear that Congressman Cicilline cares more about his own career than the citizens he supposedly represents. He has also left the union rank and file in an extremely bad position given Providence will not be able to deliver what it promised.” said Smiley.
Mark Smiley was elected to President of the Republican State Chairmen’s Caucus last month and is also the Chairman of the Warren Republican Town Committee.
Source: Press Release









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