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The exploding debt crisis

The rising tide of red ink is undermining the economic and social fabric of the United States. Unchecked deficit spending will impose outrageous debt...
THE RHODE ISLAND PUBLIC EXPENDITURE COUNCIL has released a summary and projection of factors it considers important in relation to the three general obligation bond ballot initiatives included in the upcoming election.

RIPEC issues breakdown of state debt, revenue and bond referendums

PROVIDENCE – The Rhode Island Public Expenditure Council released a report Friday that analyzed the state’s budget outlook, debt position and their relation to...
BOND DECISIONS: Rhode Island voters will decide on three ballot measures in the Nov. 6 election totaling about $367 million in bonds: $250 million to upgrade primary- and secondary-education public schools; $70 million in renovations and new construction at the University of Rhode and Rhode Island College; and $47 million for green-economy and clean-water projects. 
 / PBN GRAPHIC/LISA LAGRECA

PBN on WJAR-TV, Oct. 22, 2018

Will 2018 be the year Rhode Island voters take a stand on the condition of public schools?Every week, PBN Editor Mark S. Murphy appears...
JEFF WATTS, plant engineer at Rogers High School in Newport, examines a problem area at the school, outside the gymnasium, where water has delaminated the wall. / PBN FILE PHOTO/MICHAEL SALERNO

PBN on WJAR-TV, May 29, 2018

Every week, PBN Editor Mark S. Murphy appears on WJAR-TV NBC 10’s Coffee Break to discuss the newspaper’s most recent cover story and other...
THE NEED IS GREAT: The auditorium in Classical High School in Providence shows significant wear and tear.   / PBN PHOTO/
MICHAEL SALERNO

Taking on debt for schools a good idea only if R.I....

According to a 2016 study, more than 100 debt-issuing entities in the state accounted for a total of more than $10.5 billion in debt...
R.I. TREASURER Seth Magaziner will announce the new managers of the $7 billion CollegeBoundfund on Wednesday during a press conference in his office. / PBN FILE PHOTO/ MICHAEL SALERNO

Magaziner: Public debt tops $10B

PROVIDENCE – More than $10.5 billion in debt has been accumulated by Rhode Island public issuers of debt, according to a Debt Affordability Study...
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