Warning that “Providence is in peril,” Mayor Angel Taveras repeated his call for retirees to accept pension cuts and tax-exempt institutions to pay more, to keep the city from running out of money by the end of June.

Providence, which last year received downgrades to its general obligation bonds from the three major credit rating agencies, has a $22.5 million shortfall – down from $110 million – that it must close by the end of the fiscal year.

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