Election and ethics reform measures approved over the past two years influenced Common Cause of Rhode Island to issue a scorecard with the highest point average in nearly a decade, according to the nonprofit organization.
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).
The I-195 Redevelopment District Commission agreed Monday to spend up to $2 million to help the state finance construction of a pedestrian bridge over the Providence River to connect its development parcels.
By William G. Gale, Hilary Gelfond and Aaron Krupkin