Speculation continues about whether a settlement will emerge from closed-door pension mediation as soon as next week.
The head of the Rhode Island League of Cities and Towns, Daniel Beardsley, is worried that a settlement could hike pension costs for communities by more than $100 million. The league outlines its concerns in a new white paper. But as Beardsley says, it remains unclear if the General Assembly will be receptive to approving a settlement.
A leading Rhode Island Republican is calling on GOP voters to keep an open mind about their two choices in this year’s primary.
By using his Facebook page, former gubernatorial candidate John Robitaille is urging GOP voters to focus on deciding whether Allan Fung or Ken Block has the best plan for moving Rhode Island forward. He says the candidates’ courage and personal authenticity are more important than internal politics within the state Republican Party.
Providence mayoral candidate Lorne Adrain joins the Roundtable this week to discuss his campaign; third-party spending in the race for governor; a proposal to offer a different kind of driver's license to undocumented immigrants; and John Robitaille's call for a wait-and-see approach to the GOP gubernatorial primary.
The Wall Street Journal’s editorial board is criticizing Gina Raimondo over a move to drop the most successful hedge fund in the state pension plan. The hedge fund is run by a trustee of a conservative New York think tank criticized by teachers’ unions.
The hedge fund Third Point LLC offered a 25 percent return to Rhode Island’s pension fund over the last year. That’s far better than the 14 percent earned by the pension fund as a whole. Yet the state Investment Commission, which is chaired by Raimondo, voted last week to divest its holdings in Third Point.
Former Providence mayor Joseph R. Paolino Jr. sat down at his Dorrance Street real estate office earlier this week to talk about his recent property acquisitions; downtown Providence; the city's economic challenges; the Superman Building; a possible mayoral run by Buddy Cianci; and the future of the Providence Journal.
Democratic gubernatorial candidate Angel Taveras released a proposal Tuesday to try to ensure women receive the same pay for their work as men.
Taveras spoke at Craftland, a woman-owned business on Westminster Street in downtown Providence, to highlight disparities in pay for women and men. He says if elected governor, he’ll appoint more women to office, examine the equity of pay for state workers, and impose stiffer penalties for violations of Rhode Island’s pay equity laws. Taveras says paying women and men the same for the same work is the right thing to do.
Democratic gubernatorial candidates Angel Taveras and Gina Raimondo are sparring over campaign spending by independent third-party groups.
A Texas hedge fund billionaire, John Arnold, recently gave $100,000 to a super PAC backing Raimondo’s campaign for governor. Taveras’ campaign says if Raimondo wants to keep Wall Street and other special interests out of the race, she should call for the American LeadHERship PAC to return Arnold’s contribution.