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.

Moody's Investors Service upgraded North Providence, R.I.'s general obligation bond rating to A3 from Baa1, affecting $25.4 million in debt.

The lawyer representing Rhode Island in its suit against 38 Studios told state lawmakers that legislation would enhance the prospects of a settlement.

Clay Pell, the grandson of the late U.S. Sen. Claiborne Pell, is the latest Rhode Island gubernatorial candidate in an open-seat race.

Rhode Island Gov. Lincoln Chafee proposed a $275 million bond referendum in November and a $12.5 million payment of 38 Studios moral obligation debt.

Providence, R.I., which two years ago faced what Mayor Angel Taveras called a "Category 5 Fiscal Hurricane," reported a $1.6 million surplus for fiscal 2013.

Sen. Dominick Ruggerio's bill would ban use of retirement system funds to pay Rhode Island's legal cost as it defends the unions' court fight of pension changes.

The two advisory committees to Rhode Island's joint municipal shared services study commission will meet Jan. 7 to discuss cities and towns collaborating over some municipal services.

Providence, R.I., fire and police unions have sued Rhode Island's capital city, saying the city didn't factor longevity payments in calculating overtime pay.

Gina Raimondo, Rhode Island's general treasurer the past three years and the architect of pension overhaul legislation in that state, will run for governor in 2014.

Standard & Poor's raised its unenhanced rating on North Providence, R.I.'s general obligation debt two levels to A from BBB-plus, citing new local GO criteria.