$4 million in City Savings That Can Be Used to Repair or Build New Warwick Schools Without Having To Borrow
Did you know that Warwick City workers/retirees have a cap on how much they spend on prescription drug copays and anything over that cap is paid for by the Warwick taxpayers?
Active City employee/ Retiree Prescription Drug Benefit (RX Cap):
$300 individual / $600 family
Avedisian instituted the City worker/retiree RX cap a few years ago....initially budgeted for $1 million a yr.
The Mayor didn't bother doing an actuary study.
It cost Warwick taxpayers $4 million in 2016 to pay for the RX copays of active City workers and retirees, and it continues to increase exponentially every year.
Totally eliminate this and use the $4 million to fix old, or build new, Warwick school buildings.
No need to borrow!