Providence, RI – Warwick mayor Scott Avedesian is shrugging off the fact that Moody's has downgraded the city's bond rating. The Wall Street firm dropped Warwick's rating from Aa2 to Aa3 because of the city's below average reserve fund and its limited financial flexibility. Avedesian says he's not worried about the lower rating.
Treasurer Raimondo Speaks Out Click on the audio to hear Ian's full interview with Gina Raimondo.
State and local taxpayers will be on the hook for much larger pension contributions after a vote today by the state Retirement Board.
State and local taxpayers contribute 308 million dollars each year to the pension plan. By mid-2012, that figure will jump to 621 million dollars because of an earlier vote to cut the state pension fund's expected returns.
PROVIDENCE, RI – Rhode Island employers with Blue Cross Blue Shield would see a double digit rate increase under a new request by the health insurance company.
Blue Cross is asking the state's health insurance commissioner for an average rate increase of 10.5 percent for both small and large employers in Rhode Island. The company says that might sound like a lot- but it's two percentage points less than what it needs to charge to cover its costs.
PROVIDENCE, RI – Dozens of people on both sides of the same-sex marriage debate find themselves in an unlikely agreement after a hearing the Statehouse.
They're both against the creations of Civil Unions.
Testimony began a little after 5pm before the House Judiciary Committee and lasted more than three hours. During that time, both sides voiced their opposition to a Civil Union bill for same-sex couples.
PROVIDENCE, RI – Pawtucket's Gamm Theater and Warren's 2nd Story have come up with plays by very different authors. Christopher Durang is male and 62. Sarah Ruhl, female and 37. But both write wacky comedies that try to make you think.
As the winter theater season winds down the Gamm and 2nd Story have . . . well, you might say they've gone off the deep end.
PROVIDENCE, RI – Rhode Island's highest court heard arguments Wednesday on whether it should repeal an agreement between Deepwater Wind and power company National Grid.
The agreement allows National Grid to spread out the costs of renewable energy to everyone connected to the power grid. This means companies that buy from another utility but use National Grid for distribution must pay for wind energy.
PROVIDENCE, RI – Stewards of Providence's nine branch libraries are accusing the Providence Public Library board of breaching an agreement to transfer ownership of the branch buildings to the city.
Providence is currently leasing the buildings for the price of $1 a year. The lease expires July 1st. Marcus Mitchell of the Providence Community Library Board, which manages the branch libraries, says without a transfer agreement branches could close.