Moody’s Investors Service says the $8.1 billion budget signed into law by Governor Lincoln Chafee on June 15 “is credit positive for Central Falls and schools, but leaves Woonsocket and pensions unaddressed.”
Moody’s points to “a material increase in funding for schools” — $34 million, or almost 4 percent, “marking the third consecutive annual increase in school funding. State funding for education now stands at over $900 million, well above pre-recession peak.”
After being introduced by Governor Chafee during a Statehouse news conference, Wistow said he couldn’t offer specifics on his approach since he’d just started on the job as a special counsel for the state Economic Development Corporation.
A series of union lawsuits filed today in Superior Court — aimed at stopping the sweeping state pension overhaul enacted last year — shouldn’t come as a surprise, says Robert Walsh, executive director of the National Education Association Rhode Island. He says opponents made their stance clear before the overhaul was passed by the legislature and signed into law by Governor Lincoln Chafee.
The worst-kept secret in state government came to an end this morning when Governor Chafee introduced Christine Ferguson as the director of the Rhode Island Health Benefits Exchange. Ferguson has a long history in health policy, and she says the exchange offers the promise of cutting healthcare costs:
State Revenue Director Rosemary Booth Gallogly has strong words for state Representatives Lisa Baldelli-Hunt, Jon Brien, and Robert Phillips after they failed to back a supplemental tax for cash-strapped Woonsocket in last-minute negotiations in the waning hours of the legislative session: