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In RI parlance, the 100K is called the "hook"...As the late Sen. Everett Dirksen used to say about Washington, "A billion here, a billion there, and pretty soon you are talking about real money." Far from me being called an alarmist, but let's look at the big picture as best we can, or estimate....
A new high school.........$200M....If we are very lucky...
Complete the sewer project....millions unknown?
A whole water system that is pretty much obsolete, according to Director O'Rourke...$250M?
Our 800M dollar pension and healthcare shortfall...aka, unfunded liability...
Revenue shortfall..folks are leaving, we are 3rd most populace city and 3rd largest school system @19K per student...but realistically, add in all the bonds dedicated for schools, now what is your per student cost?
I know I am missing items, but are you looking for the Pepto Bismol yet? This is tragic and 75% can't comprehend what this means....No plans to deal with this, call your local moving company, they are busy now...
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