The current issue of Providence Business News looks at what efforts have been made – or should be made – to come to terms with the $5.6 billion in unfunded liabilities that cities and towns have for their pension and OPEB liabilities. Should the state insert itself into the municipal crisis and make reform a local priority through legislative action?
If the state's public officials want to make a real difference in Rhode Island's future, they should spend less time on getting to the bottom of the 38 Studios mess and more, a lot more, on the looming public-finance meltdown over unfunded liabilities for local pensions and other post-employment benefits (also known as OPEBs).
Former Boston Red Sox pitcher and failed video game entrepreneur Curt Schilling took to the Facebook streets this weekend to announce plans to enter the political arena, including an eventual run for president.
The recent decision by the R.I. State Police and Attorney General Peter F. Kilmartin not to prosecute anyone as the result of their investigation is not satisfying. Do you have confidence that the investigation was done well and without influence?
(Updated 5:18 p.m.)
Officials said there will be no criminal charges filed as a result of an investigation into 38 Studios LLC. A press conference was held Friday afternoon at state police headquarters to report findings of the criminal investigation into the failed video game venture by former Boston Red Sox pitcher Curt Schilling that left taxpayers on the hook for a $75 million loan guarantee.