Government
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Standard & Poor’s Rating Services announced Thursday that R.I. Economic Development Corporation revenue bonds issued for 38 Studios LLC, former Red Sox pitcher Curt Schilling’s failed videogame company, will not be affected by the state’s decision to openly consider defaulting on the bonds, reported Reuters. more
The House Finance Committee approved an $8.2 billion Rhode Island budget for fiscal 2014 unveiled by Democratic leaders Tuesday night that forgoes a corporate tax-rate cut sought by Gov. Lincoln D. Chafee, but includes the first state payment for the failed 38 Studios LLC loan guarantee. more
Raytheon Co., the world’s largest missile maker, is challenging a Pentagon plan to use a Lockheed Martin Corp. anti-ship weapon and is asking for a chance to offer an alternative. more
Federal assistance accounts for 38.3 percent of Rhode Island’s general revenue, according to the Tax Foundation, which released a map on Monday depicting federal aid as part of general revenue for all 50 states. more
The city of Providence’s Financial Opportunity Centers have yielded significant results since their launch in 2011, announced Mayor Angel Taveras. more
Gov. Lincoln D. Chafee celebrated the launch of a statewide network of electric vehicle charging stations on Roger Williams University campus Tuesday, unveiling one of the first of the charging stations to be installed in Rhode Island. more
Rhode Island may have its credit grade cut by Moody’s Investors Service after lawmakers debated defaulting on $75 million in debt that brought a company started by former Boston Red Sox pitcher Curt Schilling to Providence. more
A federal appeals court has sided with lenders challenging an injunction in Rhode Island’s improper foreclosure case, remanding the case back to U.S. District Court for further review. more
The R.I. Emergency Management Agency is calling for public input on the state’s Hazard Mitigation Plan, which is scheduled to be updated next spring. more
North Kingstown will receive technical assistance from the U.S. Environmental Protection Agency to implement “smart growth” strategies to improve the economy, boost job creation and protect health and the environment, the EPA announced Thursday. more
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