Updated March 5 at 9:05am
Local News
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The R.I. Department of Revenue has collected $2.06 billion in general revenue during the fiscal year through February, including $172 million in last month alone, the agency reported Tuesday. The monthly report was released the same day as a Tax Foundation study ranking U.S. states according to their state and local sales tax rates was released. more
President Barack Obama’s advisers said the U.S. economy is on track to strengthen and add more jobs in the next two years because many of the impediments to faster growth have subsided. more
The biggest U.S. banks are about to learn whether they can pay out more than $75 billion in excess capital to investors as the Federal Reserve completes stress tests of their ability to survive new economic calamities. more
Rhode Island’s congressional delegation addressed a slew of topics including climate change, flood insurance, tax reform and workforce development at a breakfast held Monday morning at the Crowne Plaza Providence-Warwick. more
Russell H. Carpenter, a 1959 alumnus of the Moses Brown School in Providence, has endowed a new program to advance teaching with a $3.6 million gift to the school. more
The House Finance Committee late Thursday night passed an $8.7 billion state budget bill unveiled by Democratic leadership that would lower the state’s corporate tax rate and cut estate taxes, while raising the gas tax and motor vehicle fees. more
Newport Harbor Corp. has sold the Newport Yachting Center on the city’s waterfront to Peregrine Group LLC for an undisclosed price, the company announced Tuesday. more
Aspen Aerogels has been chosen by the East Providence Chamber of Commerce as the 2014 recipient of its Business of the Year Award. more
(Updated 10:35 a.m. and 11 a.m.)Brown University may have had the largest endowment out of colleges and universities in Rhode Island in fiscal 2014, but Salve Regina University had the largest percentage gain at 17.3 percent. more
Penmaker A.T. Cross Co. on Tuesday introduced the Century Copper Pen, the world’s first pen made with CuVerro antimicrobial copper manufactured by Kentucky-based metals supplier Olin Brass. more
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