Lincoln Chafee

On Politics
1:06 pm
Thu June 20, 2013

Chafee Picks Cicilline Aide Fierro for RI Board of Review

Governor Lincoln Chafee has nominated Congressman David Cicilline's district director, Chris Fierro -- an early supporter of Chafee in 2010 -- to chair the Rhode Island Board of Review.

Fierro, a former state rep from Woonsocket with strong ties to labor, faces Senate confirmation. The governor's office says the job will pay between $77,810 and $88,177.

Per news release:

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RI News
8:42 am
Thu June 20, 2013

Table Games Open at Twin River Casino

Wednesday was a pivotal day in the history of Twin River.  With the introduction of table games, the former dog racing park – turned – slots parlor is now the state’s first full fledged casino.

Wielding pruning shears, Governor Lincoln Chafee and other dignitaries cut a giant red ribbon, signaling the start of table games at Twin River.

Earlier, the Governor betrayed his bias for another type of gambling when he listed the games now available at Twin River.

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Politics
10:47 am
Wed June 19, 2013

Chafee Urges State to Pay Off 38 Studios Bonds Following Downgrade

Governor Lincoln Chafee is urging the state to pay off the money owed for loans on 38 Studios following a downgrade from Moody's.
Credit Catherine Welch / RIPR

Gov. Lincoln Chafee says Moody’s is sending Rhode Island an important message by downgrading the state’s bonds for its failed deal with 38 Studios.

The credit rating agency downgraded the bonds by two notches and put the state on notice that the rest of its obligations are under review for a possible downgrade.

Lawmakers are debating whether to default on the moral obligation bonds used to float the failed video game company. Chafee said as Moody’s has shown, that’s a bad idea.

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Politics
8:52 am
Wed June 19, 2013

House Finance Committee Approves 2014 Budget

Chairman of the House Finance Committee Helio Melo.
Credit Ian Donnis / RIPR

The House Finance Committee Tuesday passed an $8.2 billion budget for the fiscal year starting July 1. The spending plan doesn’t include any new broad-based taxes and wipes out some of Governor Lincoln Chafee’s initiatives.

With little debate, the budget passed its first hurdle on a 12-to-zero vote, with two Republican lawmakers abstaining. The spending plan reduces proposed help for distressed communities and eliminates Chafee’s plan to cut the corporate tax from 9 percent to 7 percent over time. House Finance Chairman Helio Melo said lawmakers had to work with what they had.

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On Politics
4:11 pm
Tue June 18, 2013

NY Mayor Bloomberg switches from Chafee to Raimondo

It appears that New York Mayor Mike Bloomberg, a billionaire media mogul, has switched his affinity from Gov. Lincoln Chafee to RI General Treasurer Gina Raimondo in the 2014 Ocean State campaign for governor.

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Politics
12:23 pm
Tue June 18, 2013

Gov. Chafee Shrugs off Bloomberg Fundraiser for Treasurer Raimondo

New York City Mayor Michael Bloomberg came to Providence to stump for Chafee during the 2010 governor's race.
Credit file / RIPR

Gov. Lincoln Chafee is shrugging off news that New York City Mayor Michael Bloomberg is holding a fundraiser this week for state Treasurer Gina Raimondo.

Bloomberg stumped for Chafee in the 2010 governor’s race calling him one of the nation’s most effective leaders. Channel 12 reports that Bloomberg is hosting a fundraiser Thursday for treasurer Gina Raimondo, who is expected to run for governor. 

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Politics
8:56 am
Tue June 18, 2013

Moody's Downgrades the State's 38 Studios Bonds

Moody’s Investors Service has downgraded the state’s bonds for its failed deal with 38 Studios.  Moody’s has put those and other state bonds under review for possible additional downgrades.

In explaining the move, Moody’s points to uncertainty in the General Assembly about whether to allocate money for paying back the 38 Studios’ bonds. The investors’ service downgraded the 38 Studios bonds from a low credit risk to a moderate risk.

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Politics
8:45 am
Tue June 18, 2013

Changes to the State Budget to Be Unveiled

As the legislative session winds down, the state budget has yet to be approved by the General Assembly.
Credit RIPR FILE

State lawmakers continue to meet behind closed doors as they prepare to unveil their changes to the budget introduced by Governor Lincoln Chafee.  The legislative spending plan will be vetted Tuesday by the House Finance Committee.

Filling a budget hole of about 30 million dollars is the top challenge facing lawmakers. The deficit is a result of lower than expected state revenues. Linda Katz of the liberal Center for Economic Progress is concerned that social programs for the needy may take a hit when legislators try to clear the red ink.

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On Politics
5:56 pm
Mon June 17, 2013

Moody's Downgrades 38 Studios' Bonds; Chafee "Confident" on Payment

Moody's Investors Service isn't taking lightly debate about whether to pay back bonds issued to fund the state's investment in 38 Studios. The agency has downgraded the 38 Studios' bonds and warned Rhode Island of other possible action:

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On Politics
4:41 pm
Fri June 14, 2013

The Republican Party's huge New England Problem

Rhode Island and the rest of New England have become foreign territory for Republicans. RIPR political analyst Scott MacKay explains why.

Just about every state in New England, and especially Rhode Island, could benefit from robust two-party political competition. Our state’s  General  Assembly has 113 members. Only 11 caucus with Republicans.

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