Rhode Island House backs paying Schilling debt to avoid downgrade

BY AGREEING TO A $2.5 million payment towards the debt the state inherited from 38 Studios LLC, Rhode Island may have preserved its credit rating. / COURTESY JACK NEWTON, VIA <a href=FLICKR/ CREATIVE COMMONS" title="BY AGREEING TO A $2.5 million payment towards the debt the state inherited from 38 Studios LLC, Rhode Island may have preserved its credit rating. / COURTESY JACK NEWTON, VIA FLICKR/ CREATIVE COMMONS"/>
BY AGREEING TO A $2.5 million payment towards the debt the state inherited from 38 Studios LLC, Rhode Island may have preserved its credit rating. / COURTESY JACK NEWTON, VIA FLICKR/ CREATIVE COMMONS
BOSTON – Rhode Island lawmakers eased the threat of defaulting on bonds that backed former Boston Red Sox pitcher Curt Schilling’s videogame company, agreeing to cover the debt in a step that may preserve the state’s credit rating. By passing the $2.5 million payment 53-19 yesterday, Rhode Island’s House of Representatives may keep the state…

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1 COMMENT

  1. “I will sleep at night knowing that I did my best to protect the interests of the taxpayers of the state of Rhode Island, not only for today but tomorrow and the next 20 years.”

    You are not protecting my interests. You are using my money to pay a debt I do not owe.