Updated October 27 at 10:27am
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PAWTUCKET – Attendance at McCoy Stadium is down dramatically through the first 18 home games of 2016, but Pawtucket Red Sox officials are chalking it up almost entirely to unprecedented bad weather for baseball. Bill Wanless, vice … more
Pending Gov. Gina M. Raimondo’s signature, Rhode Island will establish a new advisory council to oversee local pension plans, which together are underfunded by more than $2 billion. more
If the state's public officials want to make a real difference in Rhode Island's future, they should spend less time on getting to the bottom of the 38 Studios mess and more, a lot more, on the looming public-finance meltdown over unfunded liabilities for local pensions and other post-employment benefits (also known as OPEBs). more
A Superior Court judge on Friday approved a proposed $2.5 million settlement between the state and former executives of the failed video game company 38 Studios LLC, including former Boston Red Sox pitcher Curt Schilling. more
Despite a renewed call to stop repayment of state moral obligation bonds issued for the now-bankrupt 38 Studios LLC, Fitch Ratings Inc. expects payments will continue and has reaffirmed an AA rating with a stable outlook for the state’s general obligation bonds and consolidated capital development loans. more
The R.I. Economic Development Corp. is urging the R.I. Superior Court to approve a proposed settlement in the ongoing 38 Studios LLC lawsuit, despite a recent legal objection that the state is calling “inflammatory.” more
If Rhode Island taxpayers are repaying a debt secured under fraudulent representation, should they keep paying? The recent disclosure that the Securities and Exchange Commission has filed charges against the state's economic-development … more
The Pawtucket Red Sox filed a series of documents at the April 27, 2015, meeting of the I-195 Redevelopment District Commission in support of the proposal to move the team from McCoy Stadium to a new … more
For those thinking that the finalized reforms to the state-worker pension system took care of all its issues, think again. The outstanding problem is the fund's assumed rate of return. At the moment it is 7.5 percent. And with the reforms, … more
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