The Avedisian -deflect and deny- playbook is still sitting on his mantle surrounded by burning candles.
Warwick Watch has noted once again the "spin" that Avedisian has placed ( from his RIPTA seat) on who's to blame for the financial disaster the city of Warwick is currently facing. Those that have been paying close attention have been warning about this situation for over a decade.
The numbers never lie.
Not even a year ago, just after Avedisian cut more last minute, behind the curtain, unsustainable contract deals, he bailed with his $80k/year pension & benefits package...leaving the taxpayers of Warwick holding the bag.
What Avedisian was touting as he was skipping out the door, was the big revenue surplus of about $7 million, putting city reserves at around $25 million. The City Council drew down funds from the reserve account to pay for increased teacher salaries and increased everything else, which has brought the reserve account down to about $12 million. The drawdown on the reserves is still nowhere near close enough to cover all of the pay-as-we-go debt expenses.
Moody's warned: FACTORS THAT COULD LEAD TO A DOWNGRADE:
As he ran out the exit door, Avedisian continued to mislead the public as he did for 20 years by also stating Warwick's "robust and growing economy" would allow for the city's "continued fiscal health". Not even a year later, the reality cat was let out of the bag by current Mayor Joe Solomon, which shredded the curtains with financial crisis reality nails.
The "self correcting mechanism" that Avedisian always touted is the Warwick taxpayers who are left to bail out his mess with exorbitant tax increases. The Avedisian blame game is in full effect, but it's important for everyone to understand that a lot of what Avedisian did was done behind the backs of the City Council.
It's unfair yet not a surprise to see Mayor Joe Solomon getting blamed for the city's current fiscal situation, when the blame should ultimately fall onto the shoulders and lap of Scott Avedisian.