Moody’s Investors Service says the $8.1 billion budget signed into law by Governor Lincoln Chafee on June 15 “is credit positive for Central Falls and schools, but leaves Woonsocket and pensions unaddressed.”
Moody’s points to “a material increase in funding for schools” — $34 million, or almost 4 percent, “marking the third consecutive annual increase in school funding. State funding for education now stands at over $900 million, well above pre-recession peak.”
After being introduced by Governor Chafee during a Statehouse news conference, Wistow said he couldn’t offer specifics on his approach since he’d just started on the job as a special counsel for the state Economic Development Corporation.
The Lifespan hospital chain, Rhode Island’s largest private employer, is probably going to announce Monday the appointment of a new CEO to succeed George Vecchione, who is retiring. While the search process for a new CEO has been done quietly, with no media leaks, several sources in Rhode Island’s tight-knight medical care industry say Dr. Timothy Babineau, a surgeon who has been Rhode Island Hospital’s CEO since 2008, is the leading candidate. Babineau has impressed the state’s medical community in his tenure at RIH, the flagship of the Lifespan chain.
Governor Lincoln Chafee’s choice of Christine Ferguson to head Rhode Island’s new Health Benefits Exchange has drawn praise. But RIPR political analyst Scott MacKay says Ferguson may face challenges she can’t control.
Governor Chafee didn’t have to do an intergalactic search to find the person best qualified to run the state’s latest effort to extend health insurance to all citizens. For once, the person best suited for the job is a Rhode Islander, Christy Ferguson of Jamestown.
A series of union lawsuits filed today in Superior Court — aimed at stopping the sweeping state pension overhaul enacted last year — shouldn’t come as a surprise, says Robert Walsh, executive director of the National Education Association Rhode Island. He says opponents made their stance clear before the overhaul was passed by the legislature and signed into law by Governor Lincoln Chafee.
There was a time when the managers of great American manufacturing companies loved their products, cared about their employees and customers and valued the communities in which they did business. Factories were run by people who weren’t afraid to get their hands dirty working in the same space as blue-collar workers.