State Representative Joseph Shekarchi (D-Warwick) joins Political Roundtable to discuss the arrest this week of State Representative Joseph Almeida (D-Providence); Shekarchi's ties to Governor Gina Raimondo and House Speaker Nicholas Mattiello; the proliferation of tax-cut proposals at the General Assembly this year; and the outlook for a hike in the minimum wage.
Rhode Island hotels and restaurants are doing more business lately. And that's good news for their businesses and state coffers.
That's the subject of this week's Bottom Line. The Providence and Warwick Visitors Bureau's Martha Sheridan joins Rhode Island Public Radio's Dave Fallon, along with Providence Business News editor Mark Murphy to do the numbers.
When to Listen
You can hear The Bottom Line each Friday at 5:50 pm.
House Speaker Nicholas Mattiello emerged in March with a strong hold on what is commonly called the state's most powerful political office. Following the unveiling of a probe of former speaker Gordon Fox, Mattiello won a brief succession fight and pledged a stronger focus on jobs and the economy. Mattiello sat down last week to discuss his first few months as speaker and some of the top issues facing the state, including his choice for governor and Buddy Cianci's latest comeback attempt.
Residents of West Warwick have passed a town budget that scales back services and raises taxes as part of an effort to avoid a financial crisis. The move is a early step for the town's path to fiscal stability.
The $86.3 million budget comes with plenty of concessions, including cuts in town programs, a 2.9 percent increase in property taxes, and reductions to public employee pensions. But town manager Frederick Presley said the concessions are necessary if West Warwick wants to avoid bankruptcy.
Pawtucket Mayor Donald Grebien has proposed a budget that excludes any tax hike for residents or businesses. The proposed 112-million dollar budget includes buying a rescue vehicle to cut overtime costs, giving schools 600-thousand extra dollars, and setting aside money in the rainy day fund. Grebien said the arrival of new businesses, cuts in city staff, and grant revenue helped craft the budget.
Cranston residents will face no property tax increase next year under a budget proposed Tuesday night by Mayor Allan Fung. He has submitted a $262 million spending plan that would fully fund the city’s annual pension obligations while not hiking property taxes.
The average Cranstonian pays $5,000 a year in property taxes. Fung admits that’s high, but says just keeping taxes from rising has been a challenge given state funding cuts and the devastation caused by the great flood of 2010.