Updated December 8 at 12:28am
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Providence voters this year will see Question No. 8 on their Election Day ballot, asking them to consider a $40 million infrastructure bond. Regardless of the vote, however, city politics appears to have already dashed any hopes of selling the bond, … more
A semiannual "State of the States" report released in October by Conning, a Hartford, Conn.-based investment management firm, ranked Rhode Island 41st, tied with New York, among the 50 states in terms of municipal credit health – a slip of four … 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
(Updated, 1 p.m.) The R.I. Commerce Corp. on Monday announced it has agreed to a $2.5 million proposed settlement with Curt Schilling and several other defendants in the 38 Studios lawsuit. more
A change in accounting standards that will require governments to start disclosing the amount of unfunded pension and retiree benefits on yearly balance sheets could put new pressure on public officials to step up payments on these plans, according to speakers at a conference organized by Donoghue Barrett & Singal P.C. and the Rhode Island League of Cities and Towns. more
Nationwide, a new report says that state public employee pension plans are underfunded by nearly $5.6 trillion. At $18.6 billion, Rhode Island’s unfunded liability is one of the smallest among the 50 states, thanks to its size and fewer employed workers. more
Accountants, actuaries, politicians and union leaders are scheduled to meet on Friday to discuss the looming Rhode Island crisis related to public pensions and other post-employment benefits at a seminar dubbed “The Gathering Storm.” more
The House Minority Caucus wants documents related to the 38 Studios LLC criminal investigation released. more
Former Boston Red Sox pitcher and failed video game entrepreneur Curt Schilling took to the Facebook streets this weekend to announce plans to enter the political arena, including an eventual run for president. more
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