Summer is starting to slip from our grasp, sparking the trail to the hotter political season to come. Thanks for stopping by. As always, feel free to drop me a line at idonnis (at) ripr (dot) org and to follow my short missives on Twitter. Let's head in:
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.