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Archive - Jan 27, 2012 - News Article

Law allows city to borrow for tax anticipation notes

January 27, 2012

PROVIDENCE — Gov. Lincoln Chafee on Friday signed into law legislation that allows Pawtucket to borrow $12.6 million in tax anticipation notes (TANS) and pay them back from next year’s budget.
The House passed its bill on Wednesday and the Senate voted its version Thursday, when each chamber also passed the other’s bill. All the votes were unanimous.
The measure allows Pawtucket to avoid a payless payday that had been looming for employees on the second week in February.
Last year Pawtucket borrowed $11.5 million in TANS and paid them back this year.

National mental illness research organization opens in Pawtucket

January 27, 2012

PAWTUCKET — From an unassuming, fourth-floor office in downtown Pawtucket, plans are underway to begin a national campaign to promote research on mental illness.

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