Tag: Michael DiBiase
Providence $500M bond issue to ease pension woes in jeopardy because...
Rising interest rates have thrown a monkey wrench into Providence’s plan to borrow $500 million to ease its deepening pension problems, and some say...
RIPEC: State can’t rely on federal funds for future spending
PROVIDENCE – The Rhode Island Public Expenditure Council says the state needs to be vigilant in avoiding spending commitments beyond available resources, given the...
RIPEC-Bryant report: R.I.’s GDP grows for 3rd straight quarter
PROVIDENCE – Rhode Island’s gross domestic product grew for the third consecutive quarter but still trailed the average growth in New England and the...
Elorza launches voter education campaign ahead of pension bond ballot referendum
PROVIDENCE – City finances are not the most interesting - or understandable - topic.
But lawmakers are trying to get voters excited about the not-so-sexy...
RIPEC report warns of increasing general revenue spending trend
PROVIDENCE – The Rhode Island Public Expenditure Council is warning state policymakers about an increasing trend in general revenue spending, while calling for the...
Providence City Council backs pension obligation bond
PROVIDENCE – A pitch to borrow more than $500 million to funnel into the city’s pension system now rests with state lawmakers, after receiving...
GA bill on Providence pension bond introduced ahead of City Council...
PROVIDENCE - A proposal to borrow more than $500 million to fix the city’s beleaguered pension system is gaining traction among city and state...
Legislators slow to address tax incentive program deemed ineffective
An R.I. Office of Revenue Analysis report critical of a 28-year-old tax incentive program intended to create jobs hasn’t exactly inspired legislators to move...
RIPEC-Bryant report: R.I. economic recovery lagging nation
PROVIDENCE – Rhode Island’s economic recovery continues to lag the nation despite improvements across several key measures in the fourth quarter of 2021, according...
Providence group recommends borrowing $500M to address pension crisis
PROVIDENCE - Mayor Jorge O. Elorza’s contested pension obligation bond idea has resurfaced, but at a lower amount and with more protections that could...
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