The House Finance Committee is expected to vote this Thursday on a new state budget for the fiscal year beginning July first. The General Assembly traditionally makes significant revisions to the governor’s proposed spending plan.
It has become a Rhode Island cliché that Lincoln Chafee is a failed governor because he hasn’t done enough to create jobs in Rhode Island’s flagging economy. This notion has been driven relentlessly by talk radio shills and the editorial and news pages of the state’s legacy print media outlets, some of which are groping for relevance in a reshaped media environment.
A variety of speakers from across the Rhode Island political spectrum will hold a Statehouse rally this afternoon to urge the General Assembly to oppose paying off the 38 Studios bonds.
Among those speaking are Larry Girouard of the R.I. Taxpayers group, spokes people from the R.I. Libertarian Party, the R.I. Green Party and Occupy Providence, the local offshoot of the Occupy Wall Street movement.
Providence is Rhode Island’s most diverse municipality. The capital city is home to just about every segment of Rhode Island’s rich ethnic, racial and socio-economic mix.
Thus Providence is a reliable prism through which to view the never-ending debate over the master lever. What the data show is that the some of the proponents of abolishing it have, as Ricky Riccardo used to say to Lucy on the old Lucille Balll Show, ``some 'splanin to do.’’
Eliminating the master lever in Rhode Island elections is picking up steam in the General Assembly. RIPR political analyst Scott MacKay says getting rid of straight party voting may be much ado about not much.
The Rhode Island House of Representatives recently voted unanimously to end the so-called master lever, a relic of the state’s urban political machine past. A conga line of statewide elected politicians, from Gov. Lincoln Chafee down to Secretary of State Ralph Mollis, support this change.
Standard & Poor's Rating Services has put Rhode Island's credit on watch with negative implications due to ongoing debate about paying back bondholders who invested in the failed video game company 38 Studios.
In an advisory released Monday, S&P said it was lowering the rating on bonds issued by the Economic Development Corporation for 38 Studios in 2010 from A to BBB.
So here’s another report that shows just how badly the General Assembly has fumbled the 38 Studios ball. Gov. Lincoln Chafee has released a financial consultant’s report that shows that it would cost less for the state to pay off the 38 Studios bonds than to default.
The finding, by the firm SJ Advisors, states that Rhode Island’s credit rating would take a significant hit if the state walked away from the $75 million in bond obligations to those who invested retired Red Sox pitcher Curt Schilling’s folly, 38 Studios.
A report commissioned by the Chafee administration has found that even under the best-case scenario, Rhode Island will be better off paying back bondholders who invested in the failed video-game company 38 Studios.
Pablo Rodriguez joins Political Roundtable this week to discuss the latest developments related to 38 Studios; competing legislative plans on funding infrastructure improvements; Governor Chafee's effectiveness as a lame duck; and the impact in Rhode Island of climate change.