Rep. Canario and Whip Edwards advocate for the release of Twin River payment to help Tiverton budget
STATE HOUSE – Rep. Dennis M. Canario (D-Dist. 71, Portsmouth, Little Compton, Tiverton) and House Majority Whip John G. Edwards (D-Dist. 70, Tiverton, Portsmouth) are advocating for the release of monies owed by Twin River casino to the Town of Tiverton in order to bolster the upcoming town budget which will be voted on in the coming months.
According to the host agreement signed between the town and the casino, Tiverton receives a $3.1 million annual payment from the casino, but due to the COVID-19 pandemic and the closure of the casino since March, the payment is in question, leaving Tiverton with a sizable hole in its budget.
“Twin River has been a wonderful town partner since opening the casino’s doors and the town has financially benefited from their presence. But, due to these truly unprecedented times, the annual payment which the town counts on is uncertain. As the town’s budget process continues, it is imperative that they know what the town has to work with in regard to finances and this $3.1 million payment is integral to our budget. Whip Edwards and I are working with Rhode Island Lottery and the administration to ensure that Tiverton receives the money that it is due and that the current budget is not further devastated by a $3.1 million budget shortfall, causing harm to the town services and projects that the residents of Tiverton rely upon on a daily basis,” said Representative Canario.
“After a number of discussions with the town of Tiverton, we’ve come to understand that the town would be open to a prorated payment plan as long as it’s by quarter and not the whole course of the year,” said Representative Edwards.
Representative Canario and Whip Edwards are exploring many options, including possible various payment methods over the course of the year. Both representatives are working in conjunction with the town administrator and solicitor to get some resolution before Tiverton’s budget vote this summer.
For more information, contact:
Daniel Trafford, Publicist
State House Room 20
Providence, RI 02903