Government
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(Updated, 1:40 p.m.) The fiscal year of 2014 showed an uptick in hospitality and tourism spending in the Ocean State, as collections for both the 1 percent meal and beverage tax and the 1 percent hotel tax posted increases over fiscal 2013. more
The R.I. Senate on Monday approved the $8.7 billion state budget for fiscal 2015 by a vote of 32-5, submitting for the governor’s signature a spending plan that cuts the state’s corporate and estate taxes, provides for repayment of the 38 Studios bonds, eliminates the Sakonnet River Bridge tolls and adds $33.4 million in education funding. more
(Updated, 12:06 p.m.) Gov. Lincoln D. Chafee formally approved a new apprenticeship program for computer numerical control operators at the annual meeting of the Governor's Workforce Board at the Crowne Plaza Providence-Warwick hotel Thursday morning. more
Oil traders might see the 27 percent slide in global prices as a bear market. For U.S. consumers, it’s more like an early holiday gift. more
The R.I. Department of Environmental Management has selected 17 projects, from among 92 applicants, to receive a total of $210,000 in funding from the Local Agriculture and Seafood Act Grants Program. more
Moody’s Investors Service has affirmed its “Baa2” rating of Pawtucket’s $34.9 million in long-term general obligation bonds and raised the city’s rating outlook from negative to stable. more
General Electric Co., seeking France’s approval for its $17 billion bid to buy Alstom SA’s energy division, pledged to keep the power-equipment maker’s nuclear operations in the country. more
Rhode Island ranks 47th in the country in overall highway performance and cost effectiveness in the latest highway report by the nonprofit Reason Foundation. more
(Updated, 12:01 p.m.) U.S.-bound travelers from some overseas airports are being asked to turn on mobile phones and other devices under enhanced security measures from the Transportation Security Administration. more
Wynn Resorts Ltd., the casino company founded by Steve Wynn, was awarded the sole license to operate a casino in the Boston area, beating a rival plan from the Mohegan Tribal Gaming Authority. more
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