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Dexter, the rating report says that there's one pension plan (out of five) that's less than 75% funded -- and will reach 100% in 15 years.
It also pegged the total liability for city and school pensions at $352 million (not $800 million).
Here's an article that -- unlike the one above -- includes the actual rating report: https://warwickpost.com/city-bond-rating-stays-stable-new-bonds-given-aa-designation/
Page 7 is where the $352 million figure is stated.
I think you and I can agree that the word of financial professionals is much more credible than that of angry complainers.
Please explain the inappropriate content below.
