PROVIDENCE, RI – All this week we're looking at what's vulnerable in Rhode Island should the U.S. government fall over the so-called "fiscal cliff" triggering spending cuts and tax hikes. While it's unclear whether lawmakers on Capitol Hill will come to an agreement before the end of the year, funding for the environment could face cuts. For example, jobs created by wind energy are at risk.
PROVIDENCE, RI – All this week we're looking at what's vulnerable in Rhode Island should the U.S. government fall over the so-called "fiscal cliff" triggering spending cuts and tax hikes. While it's unclear whether lawmakers on Capitol Hill will come to an agreement before the end of the year, the defense budget is one area facing across the board cuts. There are some 12-thousand jobs in Rhode Island tied to defense contracts. Here's a look at how cuts to defense could hurt the Ocean State.
PROVIDENCE, RI – Gary Sasse of the Hassenfeld Institute for Public Leadership at Bryant University stopped by our studio to talk about pensions, economic development and more. Here's Rhode Island Public Radio political reporter Ian Donnis.
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PROVIDENCE, RI – The Rhode Island Department of Transportation is holding a pair of meetings next week seeking input on tolls planned for the Sakonnet River Bridge. Federal funding helped pay for the new bridge and at the time of construction tolls were not an option. But now that tolls are likely, the state needs to check back with the public as part of a re-evaluation process. RIDOT will cover where transportation funding comes from, and how tolls fit into the picture.
PROVIDENCE, RI – A group that lobbies for cities and towns is applauding talks aimed at resolving a looming pension crisis in Cranston. Cranston Mayor Allan Fung is planning to sit down with a group of retired firefighters and police officers.
PROVIDENCE, RI – The head of the Rhode Island Retail Federation has a pessimistic view of holiday sales in the Ocean State. While the National Retail Federation is predicting a robust four percent growth in holiday sales, Paul DeRoche, director of the Rhode Island Retail Federation, expects it to be half that locally. "The economy is slow. Consumer confidence is not that great. So I think we'll have about a 1.5% to 2% growth over last year."
PROVIDENCE, RI – An infusion of 110 million in federal dollars will help to extend the main runway at T.F. Green Airport over the next five years. The money will also pay to mitigate noise and improve safety standards at the airport.
Senator Jack Reed was joined by local and state officials in announcing the availability of the money. Reed calls it an important step for improving one of the state's big economic generators.