Rhode Island

While there is wide agreement Northeast infrastructure is rotting, there is nowhere near the same consensus about what to do and how to pay for it.

A Rhode Island think tank, targeting items from community service legislative grants to the state arts council, called for $225 million of cuts from the state budget.

Central Falls, R.I., reporting a $1.6 million surplus less than two years after exiting bankruptcy is a credit positive, according to Moody's.

After ascending to Rhode Island's House speakership following an FBI raid on his predecessor, Nicholas Mattiello said working on a budget to help the state's economy would be his major priority.

The Rhode Island House of Representatives elected Nicholas Mattiello speaker, three days after Gordon Fox resigned following a police raid on his home and office.

Rhode Island has hired Minnesota firm SJ Advisors to examine the impact of possibly defaulting on 38 Studios moral obligation bonds.

As Rhode Island lawmakers continue to debate Sakonnet River Bridge tolling, a state agency chief has threatened to return the bridge to the state if an impasse lingers.

Rhode Island General Treasurer Gina Raimondo has proposed a municipal infrastructure bank to help cities and towns obtain funding for infrastructure upgrades.

The attorney representing a Rhode Island agency in the lawsuit against failed video-game company 38 Studios denied a state senator's request for exhibits.

Market observers say no Detroit scenarios are on the Northeast municipal finance horizon and some situations have improved, notably in Pennsylvania and Rhode Island

Cranston, R.I., Mayor Allan Fung, who cemented a pension overhaul package for his city, said the proposed state-level settlement burdens communities.

The Credit Union National Association honored Rhode Island Treasurer Gina Raimondo with the Desjardins Financial Literacy Award, citing her Empower RI initiative.

Rhode Island's Senate oversight committee chairman wants access to all depositions and exhibits related to the state's lawsuit against video-game company 38 Studios.

Rhode Island's proposed settlement to pension overhaul lawsuits is a credit positive because it “removes a lingering source of fiscal uncertainty,” said Moody's.

Rhode Island's announcement of a potential settlement regarding lawsuits challenging a 2011 landmark pension overhaul law is a positive development, said Fitch Ratings.

Rhode Island may have come out ahead in the proposed settlement to union-backed lawsuits challenging the state's landmark 2011 pension overhaul law, assuming it clears some remaining hurdles.

Rhode Island officials and a federal mediation panel late Friday announced a settlement in lawsuits that challenged the state's 2011 pension overhaul law, but state lawmakers must still approve it.

Gov. Lincoln Chafee signed a bill to enhance a settlement in Rhode Island's lawsuit against Curt Schilling and other principals of failed video-game 38 Studios.

The on-again, off-again Rhode Island pension lawsuit settlement announcement is on again, according to a federal mediation agency.The on-again, off-again Rhode Island pension lawsuit settlement announcement is on again, according to a federal mediation agency.

A federal agency called off a settlement announcement regarding the lawsuit challenging Rhode Island's pension overhaul law, while a judge set a September trial date.