In a signal that Governor Lincoln Chafee hopes to keep closer tabs on the state Economic Development Corporation, the governor has hired longtime ally J.R. Pagliarini for a newly created post of chief of staff at the EDC.
Superior Court Judge Sarah Taft-Carter this morning told the two sides in the legal challenge to last year's landmark overhaul of the pension system to try to settle their differences through mediation.
Court spokesman Craig Berke says the talks will be facilitated by the Federal Mediation and Conciliation Service, a branch of the federal government. Taft-Carter is due to be updated on the status of the discussions in early February.
State Treasurer Gina Raimondo has hired Anne-Marie Fink as the state's chief investment officer, replacing Kenneth Goodreau, who, Raimondo says, is leaving after four years for a CIO job with TIG Advisors, effective January 1.
Via news release:
Fink will be responsible for managing the state's $7.3 billion dollar pension system.
After a week in which the Wall Street Journal reported on a six-figure contribution to EngageRI by a Houston billionaire, state Treasurer Gina Raimondo is now supporting disclosure about contributors to the pension overhaul advocacy group.
Everything pales in comparison to the horrific news today from Newtown, Connecticut, where a gunman killed more than two-dozen people, including 20 children. Governor Lincoln Chafee says state officials have offered to assist their counterparts in Connecticut . . . . Here's my countdown for the week:
Providence police on Thursday approved, by an 89 percent margin, a settlement with the City of Providence that, the city says, saves $18.5 million in the current budget year and cuts the pension plan’s unfunded liability by at least $170 million. The vote, word which came in via mobile phones as city officials joined reporters for a holiday party at the home of David Ortiz, Mayor Angel Taveras’ press secretary, is the latest in a string of negotiated settlements in Providence.