Finance officials told the committee they project about a $9.3 million general-fund deficit for FY26 driven largely by expense overruns; the committee approved refunding resolutions expected to generate roughly $200,000 and $190,000 in savings over the stated periods.

Three presenters — TD Bank, Fidelity’s Ocean State pool, and a private wealth adviser — outlined alternatives for investing Portsmouth’s operating cash, including treasury-ladder brokerage accounts, a state money‑market pool, and adviser-managed portfolios; councilors discussed current practice, state-law constraints, and potential RFPs.

Finance staff told the council the town received nearly $5.15 million in ARPA funds; three projects remain open with about $218,139 (Prudence Island water), $17,885 (Island Park pipe work) and $26,541 (cesspool replacement) still to be expended.

State auditor's report identifies errors but confirms no financial loss occurred.

Senator DePalmer delays Senate Bill 376 on cryptocurrency ETFs for regulatory review.

Rhode Island officials discuss digital ad tax proposal and its financial implications.

Governor pauses supplemental transfers addressing budget deficit due to unexpected revenue surplus.

Budget officer outlines challenges of closing $200M deficit without raising taxes.