WARWICK, RI — The Warwick City Council meets tomorrow night to review city finances, hear the School Committee’s new plan to replace both high schools, discuss an OPEB plan and council ward changes.
The 7 p.m. event will be viewable remotely (see below for information on accessing the streaming feed) as well as in-person, though that requires risking exposure to the highly transmissible Omicron variant as the state’s percent positive rate is the highest it’s been since the pandemic began.
City Council Agenda Highlights
Finances, Schools The night starts with a presentation by Peder Schaefer, City Finance Director, who will deliver the Mid-Year Financial Report on City Finances.
The Warwick School Committee will also give a presentation of their new plan to replace both of Warwick’s high schools. The Committee switched gears from rehabilitating the buildings to completely replacing them during their last meeting. The switch was due partly to the RI Department of Education’s refusal to support a plan to upgrade the current buildings.
OBEB Trust Long discussed, recommended yet never committed do, an Other Post-Employment Benefits (OPEB) trust would provide a way to move from the city’s current pay-as-you-go method of funding the OPEB liability, $352 million in 2019, to paying it down.
With such a trust established, regardless of the funding, the city would qualify for a discounted rate to be used to calculate its liability, Hoyle said in 2019.
“The liability would be smaller because of the discount rate,” he said.
The city could also eventually begin to use the trust, which would grow through investments, to help pay for the OPEB costs.
Further reading on OPEB and past attempts at establishing a trust are available for your reading pleasure:
Census and Council Wards If you passed on answering the U.S. Census back in 2020, you missed out on a chance to be counted among the the people living in your City Council ward. With those numbers now tallied, the wards are going to be changing.
Warwick City Council will discuss authorizing the Warwick City Council President Steve McAllister to name three members of the City Council to serve on a committee to reapportion the wards based upon the most recent U.S. Census figures.
How to watch, participate in, the meeting
You may access or participate in the meeting using the Zoom Application on a smart device or on a PC via the Web at zoom.us and clicking on JOIN A MEETING in the upper right of the page. Webinar ID: 884 4893 4412
Please click the link below to join the webinar:
Or One tap mobile:
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Anyone wanting to participate via telephone only, may call one of the following numbers:
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