Government
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With less than two months until the General Assembly begins its 2014 session on Jan. 7, many members of the state’s business community are eager to douse legislators with recommendations in hopes of cranking up the often-sluggish pace of change required to make the state more business-friendly. more
According to a new study by the Rhode Island Center for Freedom & Prosperity, a state sales tax of 3 percent would provide the best value in terms of new jobs and state budget impact, compared with cutting the sales tax altogether. more
Bank of America Corp.’s $8.5 billion settlement with mortgage-bond investors will be delayed almost two weeks after American International Group Inc. and other objectors asked a judge for a hearing to address loan modifications excluded from the accord. more
Rhode Island’s average unemployment rate for 2013 was 9.5 percent, according to revised data released by the R.I. Department of Labor and Training on Thursday. The yearly average came in eight-tenths of a percentage point lower than 2012’s average of 10.3 percent. more
The Providence City Council passed a $663 million budget for the 2014 fiscal year that will raise residential tax rates while freezing the city’s commercial and other tax rates and making new investments in education, public safety and infrastructure, Mayor Angel Taveras’ office announced Monday after the vote. more
Save The Bay Executive Director Jonathan Stone has asked the the R.I. General Assembly to enact House Bill 6031 to reduce the number of cesspools in the state and to ensure cleaner, safer water, reduce beach and shellfishing closures, and better protect the public health. more
The R.I. Division of Planning’s Statewide Planning Program, RhodeMap RI, will sponsor four public forums next week to gather input from citizens on living and working in the Ocean State. more
(Updated, 9:55 p.m.) Rhode Island posted the fourth-highest percentage of tax revenue that came from tobacco taxes in the nation in 2011, according to a map released Monday by the Tax Foundation. more
Choice was the word Wednesday morning at the Providence Business News Summit on the Health Benefits Exchange, held at the Crowne Plaza Hotel Providence-Warwick. more
Many federal offices across Rhode Island were shuttered Tuesday and hundreds of “nonessential” employees sent home due the U.S. government shutdown that began at midnight. more
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