Projected FY2026 expense
The City’s projection for direct Apponaug Rink operating costs.
Frank Picozzi • Warwick mayor • Public money
Picozzi for Mayor?First, show Warwick the math.
The Greenwood Credit Union City Hall Plaza was presented as a year-round destination whose revenue would offset its operating costs. The City’s proposed FY2027 budget projected $150,000 in first-year revenue against $635,503 in expenses. Is the mayor’s signature project performing?
THE CITY’S PROJECTION: $635,503 OUT • $150,000 IN • $485,503 GAP
What the budget now says
The City projected a first-year operating gap.
The proposed FY2027 budget contains a projected FY2026 gap. These figures are estimates from that document, not verified final-year results.
Projected FY2026 revenue
The City’s revised estimate after initially budgeting far more.
Projected operating gap
The difference between those two published figures.
A budget is supposed to be a financial plan—not a wish list wearing a necktie.
The financial basis question
What supported the original revenue estimate?
The approved FY2026 budget said rink revenue would flow to the general fund and offset more than $700,000 in annual costs. The later budget projects just $150,000.
Residents deserve the attendance forecast, pricing assumptions, sponsorship schedule, concession estimates, rental assumptions, and comparable-facility analysis behind the original number.
See the questionsThe story in four steps
Promise. Projection. Gap. Then—perfect balance?
FY2026 budget
Revenue was expected to offset costs.
The approved budget listed $723,546 in direct expenses and matching revenue. A later comparison shows adopted revenue as $798,546—$75,000 higher.
Through March
Revenue recorded: $121,302.
The next budget reports revenue through March 31 and projects only $150,000 for the fiscal year.
FY2026 projection
The City projects a $485,503 gap.
Projected direct expenses of $635,503 minus projected revenue of $150,000.
FY2027 request
Exactly $671,511 in—and exactly $671,511 out.
After the projected miss, the next budget assumes precise break-even. Show the public the basis.
Is it performing?
These are answerable questions.
Actual revenue
How much came from skating, bumper cars, concessions, rentals, events, sponsorships, and naming rights?
Full cost
Which costs are recorded directly to the rink, and which are absorbed elsewhere?
Original forecast
What documents and assumptions supported the revenue estimate?
Break-even plan
What changed to justify exact break-even in FY2027?
Don’t take our word for it
Read the budgets. Ask the questions.
Explore the evidence
One project. Several questions worth answering.
Budget comparison
Read the City’s projected revenue and direct expenses.
Read the analysis →Greenwood Credit Union City Hall Plaza: Warwick Rink
City Hall Plaza, Apponaug Rink, and the money behind the name.
Read the analysis →Apponaug Rink Revenue Forecast | Warwick Budget Analysis
A revenue forecast needs more than a matching expense total.
Read the analysis →Warwick City Hall Plaza Operating Costs Explained
What does it cost to keep the rink running?
Read the analysis →Is Warwick’s City Hall Plaza Rink Performing?
Is the rink performing? Publish the scorecard.
Read the analysis →