Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for a weekly business segment we're calling "The Bottom Line." Each Friday they look at business news and themes that affect local business and the public.
This week Dave and Mark talk with Kristin McGrath, VP of Sales with the Providence/Warwick Convention and Visitors Bureau. Their discussion centers on Providence as an increasingly popular destination for conventions and festivals, like the gathering of HP Lovecraft fans taking place this weekend.
Providence Mayor Angel Taveras says he expects the city’s budget for the last fiscal year to be balanced when the books close on it at month’s end. Providence is still working to eliminate a small structural deficit.
Taveras inherited a 110 million dollar deficit when he took office in January 2011. Since then, the city has steadily whittled down that number. Taveras says the fiscal picture is solid as City Hall prepares to close the books for the budget year that ended June 30th.
State Republican chairman Mark Smiley issued a news release Monday, taking to task Rhode Island's Democratic legislative leaders for the moribund condition of the local economy. Smiley's message -- if we can borrow a phrase from Bill Clinton's 1992 presidential run -- is: It's (still) the economy, stupid.
Thanks to contributions during the quarter that ended June 30th, state Treasurer Gina Raimondo has a campaign war chest of more than 2 million dollars. Raimondo is among three Democrats expected to run for governor next year.
Raimondo continued her pacesetting fundraising by collecting just under 400-thousand dollars during the most recent quarter. Her 2 million dollar-plus war chest is thought to be a Rhode Island record for a candidate yet to announce a gubernatorial campaign.
Rhode Island and Minnesota have become the 12th and 13th state to legalize same sex marriage. It became legal at 12:01 Thursday morning. Outside Providence City Hall was a hub of activity as gay couples sought licenses while outside, protesters on both sides of the issue picketed.
When temperatures rise in the summer months, crime goes up, and young people are often the victims. They’re also increasingly a factor in crime. As part of our series Hot City: Crime in Providence, Rhode Island Public Radio’s Elisabeth Harrison visited the North End and Smith Hill, two areas with the highest crime rate last July, to find out what it’s like to grow up in a place where summer can be dangerous.
State Treasurer Gina Raimondo raised just under $400,000 in the quarter that ended June 30, pushing her campaign cash arsenal past the staggering sum of $2 million.
Meanwhile, attracting a stronger fundraising base seemed to be part of the rationale when Governor Lincoln Chafee switched from an independent to a Democrat in May. Yet Chafee raised a modest $69,765 for the quarter, according to a report filed with the state Board of Elections.