PROVIDENCE, R.I. (AP) — Rhode Island lawmakers waded into state government's most dizzying fiscal problem Monday ahead of a special legislative session dedicated to addressing the rising costs of public pensions.
State General Treasurer Gina Raimondo and other pension experts briefed members of the state Senate on the complicated numbers behind the pension problem. Raimondo told lawmakers that the system is eating up more and more tax dollars and that inaction is no longer an option.
"This is a crisis we have to solve," said Raimondo, a Democrat. "There won't be money for anything else unless we fix this."
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