Cup ‘o (Pro)Jo: November 16, 2011

Mayor Angel Taveras requested that Providence Community Action Program Executive Director Frank Corbishley resign yesterday. In a letter, Taveras wrote that the program’s capabilities to help the impoverished and at-need have been damaged by “mismanagement,” including misuse of State funds. In his letter, Taveras also appointed five new members to the Board of Directors of ProCap, expressing his hopes that they would be able to work with a new executive director to lead ProCap in a direction to better help the city. Corbishley refused to resign, denying the charges levied against him and accusing Taveras of trying to take over the agency.

The state actuary released an analysis of the new pension bill, to come to a vote to a vote Thursday, that shows that the overhaul would save municipalities across the state a combined $101.9 million next year. The bill, which limits cost-of-living adjustments and raises the retirement age, among other cuts to benefits for state employees, has faced opposition from unions upset abput the violations of established contracts and garnered support from lawmakers who see the cuts as necessary for the protection of state taxpayers.

Governor Lincoln Chafee ’75 P’14, who worked with Secretary of Treasury Gina Raimondo to structure the bill, expressed frustration yesterday at Raimondo and Senate President Teresa Paiva Weed for amendments added in deliberations last week that dropped support for municipal retirement system. This represents a resurfacing of tensions that plagued the initial discussions when forming the pension overhaul.

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