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If the first step toward a solution is admitting you have a problem, then 2012 has seen progress for Rhode Island’s distressed, locally run, municipal pension plans.
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By Patrick Anderson |
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Patrick Boris, a banquet chef in Las Vegas, is inching closer to his own “fiscal cliff,” 2,100 miles away from the political brinksmanship under way on Capitol Hill. If Congress and the White House allow the country to go over the cliff later this month, Boris figures he could owe federal income taxes on more than $100,000 in forgiven mortgage debt following the short sale of his two-bedroom townhome next year – a personal financial “disaster,” in his words.
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12/17/12
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Gun dealers in Rhode Island and across much of the nation have been swamped by customers amid renewed public debate over the need for stricter gun-control laws following the massacre of 26 people at a Connecticut elementary school.
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By Rhonda Miller |
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At the start of 2012, Providence’s colleges and universities were at loggerheads with Mayor Angel Taveras over his demand for a $7 million per-year increase in their combined payments to the city.
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By Patrick Anderson |
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In 2012, Gov. Lincoln D. Chafee got the chance to say “I told you so” to the sizable chunk of the business community that supported the 38 Studios LLC loan deal, and he’s taken advantage of the opportunity. But opposition from the business community has helped frustrate many of Chafee’s top fiscal proposals since he took office and critics say he’ll need to work with corporate Rhode Island, not fight it, to turn the state economy around.
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By Patrick Anderson |
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Gov. Lincoln D. Chafee on Wednesday unveiled an $8.2 billion state budget proposal for the next fiscal year that would cut Rhode Island’s corporate tax rates to the lowest in New England.
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By Patrick Anderson |
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Through the ownership of several popular nightspots and restaurants, State Sen. Joshua Miller has been influential in the Providence dining and nightlife scene for years. But since jumping into politics seven years ago, the Cranston Democrat is now as likely to take a stand on hospital consolidation or payday lending as he is nightclub closing hours or farm-to-table cuisine. After leading a commission on health care affordability and wrestling with the sale of Landmark Medical Center in the Corporations Committee, Miller this year was named chairman of the Health and Human Services Committee.
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By Patrick Anderson |
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Gov. Lincoln D. Chafee’s proposed state budget for next year puts big business in the spotlight.
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By Patrick Anderson |
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Gov. Lincoln D. Chafee’s inclusion in his state budget for next year of $500,000 to design a new downtown Providence advanced-nursing school was done without fanfare. The provision wasn’t even included in his published budget highlights or his state-of-the-state address.
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By Patrick Anderson |
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The U.S. Department of Housing and Urban Development announced Wednesday that Rhode Island is slated to receive $3.24 million in disaster relief funding to rebuild following the damage caused by Hurricane Sandy in the fall.
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By PBN Staff
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