Rhode Island

The city's bond lawyer was not at the meeting and the board wasn't given a fiscal note saying how much the borrowing would actually cost.

House Speaker Nicholas Mattiello said he would hold hearings on the $83 million package.

The full Senate could vote next week on a financing package to replace 75-year-old McCoy Stadium in Pawtucket.

The state faces a $60 million hole in the current fiscal year and more than $200 million for fiscal 2019.

Pawtucket Mayor Donald Grebien on Tuesday urged state legislators to consider a "Plan B" if they're not willing to vote on the current stadium-financing plan to build a new Triple-A ballpark for the PawSox.

The panel recommended issuing $500 million general obligation bonds for public school construction and repair over 10 years.

Seth Magaziner said the session with Moody's, Fitch and S&P representatives enhanced transparency.

Senate President Dominick J. Ruggerio expects rewritten stadium-financing legislation to direct more revenue from a new PawSox ballpark to the City of Pawtucket to protect its ability to pay off the debt the city would incur to help build at the Apex department store site.

The Ocean State is divided over a deal to build a minor-league baseball stadium in Pawtucket.

The state's treasurer, Seth Magaziner, cited the “back to basics” strategy his office undertook about a year ago.