The biggest R.I. stories of 2012
PROVIDENCE – It has been an exciting, if tumultuous, year in the Ocean State. As 2012 comes to a close, Providence Business News notes...
Judge orders mediation for pension cases
PROVIDENCE – Superior Court Associate Justice Sarah Taft-Carter has ordered the parties involved in the state pension reform litigation into mediation, the R.I. Judiciary...
Providence police agree to pension changes
PROVIDENCE – Providence police officers have approved the package of pension and retirement benefit changes agreed to with the city in May, clearing the...
R.I.’s needed pension cuts pass legal test
BOSTON - From Athens to Rome to Providence, the painful truth about pensions is the same: Unfunded liabilities need to be reformed, and unions...
Providence firefighters settle pension lawsuits
PROVIDENCE – The Providence firefighters union has settled its two outstanding Medicare and pension lawsuits with the city, the union announced Thursday.
Late Wednesday, Providence...
R.I.’s bond sale successful, demand ‘exceeded expectations’
PROVIDENCE - Rhode Island’s General Obligation Bond sale this week was a success and demand exceeded expectations, according to Gov. Lincoln D. Chafee...
Texas won’t follow R.I. lead on pension reform
AUSTIN - Texas public pensions said moving away from traditional defined-benefit plans wouldn’t shrink their unfunded liabilities, in contrast to money-saving steps to end...
Moody’s downgrades Johnston to A3, outlook ‘negative’
NEW YORK – Moody’s Investors Service – a globally recognized rating agency – has downgraded the town of Johnston’s general obligation rating from A2...
Raimondo pension lawsuit seen risking bankruptcies
NEW YORK - Rhode Island Treasurer Gina Raimondo championed an overhaul last year of one of the nation’s worst- funded public pensions, setting out...
Warwick City Council approves union contracts
WARWICK – Monday evening, the Warwick City Council unanimously approved three contracts with the city’s municipal employee, police and firefighters’ unions.
Prior to the...
