economy

Economy
7:09 am
Mon November 14, 2011

Providence to preserve historic bank facade

Artist?s rendering of restored Providence National Bank building fa?ade on Weybosset Street.

PROVIDENCE, RI – Providence mayor Angel Taveras is joining with preservationists to announce steps to save a bank facade on Weybosset Street. The bank was torn down six years ago but the facade was left in place to be incorporated into a high rise that became a victim of the recession.

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Economy
1:20 pm
Tue November 1, 2011

The Pench What's Next: Municipalities testify on pension plan

Providence Mayor Angel Taveras, Pawtucket Mayor Don Grebien and Providence City Council chair Mike Solomon testify before lawmakers
Photo by: Ian Donnis

PROVIDENCE, RI – Leaders of Rhode Island cities and towns will be making their case to the General Assembly's joint Finance Committee on what they need from the proposed pension overhaul plan.

There are 36 locally managed pension plans in 24 different communities. Many of them have just a small percentage of the money needed to meet their long-term commitments.

The mayors of Providence, Cranston, and other municipal officials say they need more state help to make their pensions solid.

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Economy
4:49 pm
Wed October 26, 2011

The Pench What's Next: Rallies and testimony over state pension plan

Photo by: Megan Hall

PROVIDENCE, RI – Testimony at Wednesday's public hearing on proposed pension overhaul pit organized labor against small business. Hundreds of people crowded the state house for the first of three public hearings on a bill that would scale back public employee pension benefits in an effort to return the plan to solvency.

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Economy
7:08 am
Wed October 26, 2011

The Pench What's Next: a former state treasurer weighs-in on the proposal

Former state treasurer Nancy Mayer weighs-in on the pension overhaul plan.
Photo by James Wyman.

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Economy
2:03 pm
Mon October 17, 2011

Police have no plans to evict Occupy Providence

Tents up at Burnside Park in downtown Providence
Photo by: Nancy Lavin

PROVIDENCE, RI – Providence police have no plans to evict the roughly 100 members of Occupy Providence camping out in a downtown park.

Participants say they have a good relationship with city police despite the fact that they're occupying Burnside Park without a permit.

Providence Public Safety Commissioner Steven Pare visited the park Monday morning, says Occupy' organizer Amanda Magee.

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Economy
7:15 am
Wed September 28, 2011

RIPTA approves proposal to avoid service cuts

RIPTA voted to spare service cuts--although the time between bus arrivals will increase.
Rhode Island Public Radio file photo.

PROVIDENCE, RI – RIPTA board member Margaret Holland McDuff says public outcry played a huge role in making sure services weren't part of the public transit system's budget cuts. McDuff says the RIPTA board voted to spare service cuts--although the time between bus arrivals will increase.

RIPTA had been looking at cutting night service after 10 pm or eliminating dozens of routes as a way to close a nearly $5 million budget shortfall. But McDuff says rider protests to those cuts were heard loud and clear.

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Economy
8:00 am
Fri September 23, 2011

Political Roundtable - September 23, 2011

Cranston Mayor Allan Fung discusses the state pension crisis.
Photo by Ian Donnis.

PROVIDENCE, RI – More bad news on municipal pensions and the woes of State Representative Dan Gordon. That's part of the discussion this week on Political Roundtable. This week's special guest: Cranston Mayor Allan Fung.

Do you have insight or expertise on this topic? Please email us, we'd like to hear from you. news@wrni.org.

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Economy
12:11 pm
Tue September 20, 2011

RIPTA: Will cut jobs, spare bus service

RIPTA says it has a new plan to fill a $5 million gap and keep its buses rolling.
File photo

PROVIDENCE, RI – About 100 RIPTA bus drivers and managers rallied at Kennedy Plaza Tuesday morning to protest a proposed 30 percent cut in federal funding. Paul Harrington, president of the Amalgamated Transit Union says the cut would be a disaster for the already cash-strapped agency.

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Economy
9:01 am
Wed September 14, 2011

Legislative leaders to continue push for pension reform

PROVIDENCE, RI – Legislative leaders say a court victory for public-employee unions won't stop them from pursuing pension reform. They plan to continue with a series of joint budget discussions starting Wednesday.

House Speaker Gordon Fox and Senate President Teresa Paiva Weed say they still anticipate getting a proposal to fix the state pension plan. They say they'll take whatever action is "reasonable and necessary to address the pension crisis" facing Rhode Island.

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Economy
7:02 am
Tue September 13, 2011

Public employees may be able to keep pension benefits

Rhode Island may be able to fix the pension system without cutting benefits already earned by public employees.
Photo by James Wyman.

PROVIDENCE, RI – State Treasurer Gina Raimondo says it might be possible to solve Rhode Island's pension crisis without cutting public employees' earned benefits. She made that statement during a pension briefing to the state Senate.

A member of Raimondo's staff told senators that state employees aren't legally shielded from cuts to benefits they've earned. A short time later, Raimondo said she hopes to fix the state pension plan without cutting workers' accrued benefits.

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