Rhode Island Public Expenditure Council - Providence Business News

A $500 MILLION PENSION obligation bond issue had been given the go-ahead by state legislators and Providence voters in order to ease the city's pension problems, but rising interest rates have put that bond issue in question. / PBN FILE PHOTO/CHRIS BERGENHEIM

Providence $500M bond issue to ease pension woes in jeopardy because...

Financial Services 09/23/2022

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

Economic Activity 09/06/2022

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. economy shows improvement in Q2

Business Services 07/28/2022

PROVIDENCE – Several economic indicators suggest the state’s economy is improving, according to a report from the Rhode Island Public Expenditure Council and the...

Former RISD interim president, incoming Bryant CFO Proulx dies

Education 07/22/2022

SMITHFIELD – David R. Proulx, a longtime education professional who was recently appointed as Bryant University’s new vice president for business affairs and chief...

RHODE ISLAND's gubernatorial hopefuls take part in the Rhode Island Public Expediture Council's forum on Thursday. From left are Dr. Luis Daniel Muñoz, Gov. Daniel J. McKee, Ashley Kalus, Secretary of State Nellie Gorbea, Helena B. Foulkes and Matt Brown. PBN PHOTO/JACQUELYN VOGHEL

Voters lose out if leading candidates don’t attend debates, observers say

Elections 05/06/2022

With Gov. Daniel J. McKee’s change of heart and recommitment to participate in Thursday’s gubernatorial forum, he managed to narrowly avoid giving his opponents...

GOV. DANIEL J. MCKEE has decided to participate in the Rhode Island Public Expenditure Council's gubernatorial forum on Thursday, after committing to it earlier this year then dropping out. / SCREENSHOT COURTESY WJAR-TV

McKee reverses course, decides to participate in RIPEC debate

Government 05/02/2022

PROVIDENCE – In another change of plans, Gov. Daniel J. McKee has confirmed that he will participate in a Rhode Island Public Expenditure Council...

IN SAFE HANDS: William Wray, chief risk officer for The Washington Trust Co. in Westerly, says he takes pride in the bank’s credit risk being “viewed as among the best in the entire industry” because it’s “the most common reason why banks fail, so it is a critical survival skill.” / COURTESY THE WASHINGTON TRUST CO.

Wray keeps Washington Trust poised to take on any challenge

Financial Services 04/29/2022

2022 C-Suite Awards: Enterprise company | William Wray, The Washington Trust Co. chief risk office If there was ever an example of the need for...

RIPEC-Bryant report: R.I.’s GDP grows for 3rd straight quarter

Economy 04/21/2022

PROVIDENCE – Rhode Island’s gross domestic product grew for the third consecutive quarter but still trailed the average growth in New England and the...

Legislation on ‘no-poaching’ between states raises questions about enforcement

Economy 04/08/2022

Two Rhode Island lawmakers are calling for a truce in the economic border war waged with tax incentives with neighboring states, but some authorities...