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House finance committee approves $8.2B fiscal 2014 budget
The House Finance Committee approved an $8.2 billion Rhode Island budget for fiscal 2014 unveiled by Democratic leaders Tuesday night that forgoes a corporate tax-rate cut sought by Gov. Lincoln D. Chafee, but includes the first state payment for the failed 38 Studios LLC loan guarantee. more
Raytheon wants Pentagon to hold competition for anti-ship missile
Raytheon Co., the world’s largest missile maker, is challenging a Pentagon plan to use a Lockheed Martin Corp. anti-ship weapon and is asking for a chance to offer an alternative. more
Tax Foundation: Federal assistance is 38% of R.I. revenue
Federal assistance accounts for 38.3 percent of Rhode Island’s general revenue, according to the Tax Foundation, which released a map on Monday depicting federal aid as part of general revenue for all 50 states. more
| 6/18/13
Taveras: Financial Opportunity Centers have helped more than 1,000 Rhode Islanders
The city of Providence’s Financial Opportunity Centers have yielded significant results since their launch in 2011, announced Mayor Angel Taveras. more
Chafee unveils electric vehicle charging station at RWU
Gov. Lincoln D. Chafee celebrated the launch of a statewide network of electric vehicle charging stations on Roger Williams University campus Tuesday, unveiling one of the first of the charging stations to be installed in Rhode Island. more
Rhode Island Schilling default talk spurs Moody’s watch for cut
Rhode Island may have its credit grade cut by Moody’s Investors Service after lawmakers debated defaulting on $75 million in debt that brought a company started by former Boston Red Sox pitcher Curt Schilling to Providence. more
1st Circuit throws foreclosure process into limbo, orders action
A federal appeals court has sided with lenders challenging an injunction in Rhode Island’s improper foreclosure case, remanding the case back to U.S. District Court for further review. more
Patrick announces mortgage compact
BOSTON – Gov. Deval L. Patrick last week announced a new housing compact that creates a goal of providing 10,000 mortgage loans to first-time homebuyers over the next five years. more
6/17/13
Coakley urging funding for fishery research
BOSTON – Calling scientific research “critical” to the future of the state’s fishing industry, Attorney General Martha Coakley is urging the legislature to keep funding for fisheries research within the proposed fiscal 2014 budget. more
6/17/13
RIAC bond rating is lowered; outlook stable
Fitch Ratings announced last week that it has downgraded the R.I. Economic Development Corporation’s approximately $243 million in outstanding R.I. Airport Corporation senior-lien general airport revenue bonds to “BBB+” from “A-.” Fitch revised the rating outlook to stable. more
6/17/13
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