PROVIDENCE, R.I. (WPRI) - Governor Lincoln D. Chafee invited Rhode Island's municipal leaders to a summit at the State House in order to prevent another city or town from claiming bankruptcy.
During the closed-door meeting, local officials joined the Governor to discuss his proposed legislative package of relief and reform.
Through the proposal, the state's most cash-strapped cities and towns would have the opportunity to waive certain state mandates. In addition, struggling municipalities could suspend cost-of-living pension increases for retired municipal workers.
Governor Chafee hopes his plan will empower local officials to take the necessary steps to gain fiscal health for their respective communities.
Leaders in attendance agreed to help lobby members of the General Assembly on behalf of Governor Chafee's proposal.
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