Gansett Truth
As Financial reality hits the states its also going to hit Narragansett, The fact that our officials have chosen not to contribute any money at all...zero.... to fund obligations that the town has duly negotiated has put us all at risk. Since 2006 ,town officials have used all kinds of tactics to understate the issue and the liability. Now the s*** is gonna hit the fan. Several recent reports from the most respected investment managers in the world have suggested that pension fund Trustees in the US lower their expected rate of return. This change alone will cause massive increases in liabilty to narragansett taxpayers. This 2005 -2010 tactic of keeping expected returns unreasonably high and simultaneously not funding the plan is tantamount to fraud in our opinion.
Sometimes people are so incapable of telling the truth that they need to have straps attached to their wrists and answer a series of simple questions. Usually yes or no. Mr Caesrine designed every budget and decided the amounts for funding of the pension plan since 2006. Mr Uttyebroek replaced Mr Caesrine on the pension board in 2006-7 and was responsible for reviewing any and all fund money flows in to or out of the town managed pension plan since that time.
Two questions.
Two questions.
Mr Uttyebroek have you ever received any money from the town into the pension plan? yes or no?
Mr Caesrine have you ever put any money into the town pension plan ? yes or no?
Gansett Truth
This site is devoted to the taxpayers in Narragansett Rhode Island. Our goal is to provide taxpayers with the information needed to determine whether town officials and employees are prudently managing your hard earned tax dollars. Every budget season is new and every cost should be subject to examination This should be done to make sure costs don't become out of control over time. Unfortunately costs are completely out of control today after years of poor negotiations and mismanagement. We seek to structurally improve town finances. by letting taxpayers know how their money is being spent.
"Collecting more taxes than is absolutely necessary is legalized robbery."
-Calvin Coolidge
