The RIP Map
Rhode Island Pensions
Click on the images of Rhode Island's towns and cities below to view information about their finances, people, government, and taxes.  The municipalities are colored according to their adjusted funding ratios. The ratio measures how well the towns and cities have financed their pension plans, on a scale from 0% to 100%. On our map, the closer to the color red a town gets, the worse its pension is funded. As you can see, none of Rhode Island's municipalities is colored green. The facts on the ground are terrifying.
Sources and Notes:

Municipal tax rates from the Rhode Island Economic Development Corp:
Rhode Island Economic Development Corporation. "FY 2011 Tax Rates by Class of Property: Rhode Island."

Population statistics from the Rhode Island Department of Labor and Training: Rhode Island Department of Labor and Training. "Rhode Island City & Town Resident Population from Census 2010."

Unemployment rates from the Rhode Island Department of Labor and Training: Rhode Island Department of Labor and Training. Employment Bulletin. November 2011.

Finance totals from the Mercatus Center, George Mason University:
Norcross, E., and B. VanMetre. "Rhode Island's Local Pension Debts." Working paper, Mercatus Center, George Mason University, 2011.

Note about municipal tax rates:
RRE = residential real estate,
COMM = commercial real estate,
PP = personal property,
MV = motor vehicle

* Also, see the RIEDC
website for specific notes on towns' tax rates.

Note about population growth:
The population growth number represents the last 10 years of growth for the town.

Note on finance statistics:
The adjusted funding ratio shown is the result of a calculation done by Eileen Norcross and Benjamin VanMetre of the Mercatus Center at George Mason University that divides towns' pension plan assets by the market value of their liabilities.

Mayor or Equivalent:
Robert G. Flanders, Esq.
580 Broad Street
Central Falls, RI 02863
Phone: 401-727-7400
Email:receiver@centralfallsri.us
  
Tax Rates:
(Per $1k of assessed value)
RRE: NA
COMM: NA
PP: NA       

MV: NA
Adjusted Funding Ratio: 11.90%       
11.90%
People:
2010 Population: 19,376
10-Year Pop. Growth: 2.4%
Unemployment Rate: 14.3%


Finance:
(Pension+Debt)/Receipts: 788%
Debt/Capita: $7,664.53
Pension Liability: $95,438,000
Central Falls
Updated as of 12-21-2011