Projected expense
FY2026 department expense projection. Includes a $61,795 miscellaneous capital expenditure line.
Warwick, RI · City Hall Plaza rink · Public money
Picozzi for Mayor?
First, show Warwick the math.
Warwick’s own FY2026 projection: $150,000 in revenue against $635,503 in departmental expenses for Greenwood Credit Union City Hall Plaza in Warwick, RI.
The plaza was promoted as a year-round destination. What supported the original financial forecast?
Review the evidence →Questions for City Hall →
THE CITY’S FY2026 PROJECTION: $635,503 IN DEPARTMENTAL EXPENSES · $150,000 IN REVENUE · $485,503 GAP
THE 30-SECOND VERSION
Is the City Hall Plaza rink paying for itself?
- The approved FY2026 budget expected rink revenue to cover its $723,546 in departmental costs.
- The City’s later FY2026 projection showed $150,000 in revenue against $635,503 in expenses.
- The FY2027 request again balances exactly: $671,511 in, $671,511 out. What changed?
Source: Warwick Proposed General Fund Budget FY2027 ↗. Budgets and projections, not audited results. See the full comparison →
THE BUDGET
FY2026: a projected $485,503 gap.
Projected revenue
The City’s revised FY2026 revenue estimate.
Departmental budget gap
Projected expense minus projected revenue. Not an independently audited operating loss.
In plain English: a “projection” is the City’s estimate, not a final count. “Departmental” means only what is in the rink’s own budget line. What these budget terms mean →
Fair context: the facility opened during FY2026, so its first fiscal year was partial. Excluding the $61,795 capital expenditure line, the projected expense-revenue difference is $423,708. Read the proposed FY2027 budget ↗
THE FORECAST
The budget expected break-even. The projection fell well short.
The approved FY2026 budget described rink revenues offsetting more than $700,000 in annual costs.
The later FY2027 proposal showed a much lower FY2026 revenue projection. It then assumed exact departmental break-even for FY2027.
FY2026 approved revenue
The original approved budget figure. The FY2027 proposal shows a different adopted comparison.
Different comparison
The proposed FY2027 budget’s FY2026 adopted revenue column—$75,000 more than the earlier document.
FY2027 break-even request
The proposed FY2027 budget lists the same figure for requested expenses and revenue.
See how these documents fit together in the project timeline.
IS IT PERFORMING?
Four questions the City can answer.
Actual receipts
How much has been recognized by revenue category?
Complete costs
What costs appear in other City accounts?
Original forecast
What attendance, pricing and sponsorship assumptions supported it?
Next-year projection
What supports the exactly balanced FY2027 request?
Fair context: a public rink does not have to make a profit. Clear reporting is how residents judge whether it is worth it. Why the numbers still matter →
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