The group has until June 29th to give final notice for tax bills.
Budget Commission Chairperson William Sequino says, "Generally it takes about four or five months to do the budget. We're looking at trying to come up a gap of $4 to $6 million in like maybe three weeks."
The budget commission has already passed one resolution, requesting a $3.1 million advance payment of state education aid.
Mayor Leo Fontaine said, "That goes to regular operations and that helps them to make payroll. Other than that, it doesn't help anything to do with the deficit situation."
Commission members include Mayor Fontaine, City Council President John F. Ward, East Greenwich Town Manager William
Jr ., Dina
Dutremble , former business manager for the Woonsocket Education Department; and
Peder Schaefer, assistant director of the Rhode Island League of Cities and Towns.
Meanwhile, the financial hits keep coming for Woonsocket.
According to the Providence Journal, the city's bond rating has been downgraded deeper into junk bond status. Fitch Ratings has moved the city's rating from BB to B with a negative outlook.
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