FOR IMMEDIATE RELEASEMay 7, 2020Contact: Lauren Greene, 401-965-3972
Local Leaders: RI State Budget Must Safeguard Vital Services, Protect Property Taxpayers
Budget Should Support Communities on the Front-Lines of COVID-19
STATE OF RHODE ISLANDPROVIDENCE, S.C. SUPERIOR COURT
To protect their taxpayers and to preserve their right to home rule, 16 municipalities, representing 55% of the State’s population, file a constitutional challenge to the financially irresponsible law
Summary: For sound fiscal planning, communities aim to maintain an appropriate fund balance – the difference between assets and liabilities on a governmental funds balance sheet.