Newport finance panel backs fixed payment plan for $320-million pension debtUnder the plan, the city would pay $35 million per year for 14 years, then $22.8 million in the 15th year — a total of nearly $513 million, including $320 million in principal and $193 million in interest.

#themarketindex [Collection]Under the plan, the city would pay $35 million per year for 14 years, then $22.8 million in the 15th year — a total of nearly $513 million, including $320 million in principal and $193 million in interest.https://finance.einnews.com/article/469861516/peJ_OrALPZE6Ryvc?ref=rss&ecode=LLcr_SPIiqTbik_F