Rhode Island

Rhode Island's Pension Study Commission has summoned Coventry officials, who say they have no obligation to replenish an employee pension fund should it go broke.

Legal jousting began in Rhode Island between lawyers for the state and former Red Sox pitcher Curt Schilling's failed video-game company, 38 Studios.

The Stephens Hopkins Center of Providence accuses Moody's of bias in its reporting about the repayment of moral obligation bonds in the 38 Studios controversy.

Creating a municipal road and bridge revolving fund is crucial to improving Rhode Island's roads and bridges, Treasurer Gina Raimondo told a House panel in Providence.

The board of the Employees' Retirement System of Rhode Island should formalize its policy regarding administrative expenses charged to the plans within the system, according to a report.

Jan Brodie will take over May 20 as executive director of Rhode Island's I-195 Redevelopment District Commission.

Rhode Island Superior Court signed off on a pension overhaul agreement between Providence and its police officers, firefighters and retirees that Mayor Angel Taveras said possibly saved the capital city from filing for bankruptcy.

Rhode Island Gov. Lincoln Chafee nominated Marcel Valois to serve as executive director of the R.I. Economic Development Commission, one year after the 38 Studios fiasco.

The key substantive issues differ in the Stockton, Calif., and Central Falls, R.I., bankruptcy filings, said Theodore Orson, the Chapter 9 attorney for Central Falls.

A budget commission will begin moving East Providence back to local control, said Rhode Island Gov. Lincoln Chafee and Revenue Director Rosemary Booth Gallogly.

Standard & Poor's cited a "windfall settlement" with Google Inc. in raising North Providence, R.I.'s general obligation bond rating two notches to BBB-plus

A proposal by state officials for a municipal road and bridge revolving fund brings under-the-radar Rhode Island Clean Water Finance Agency to the forefront.

Providence, R.I., Mayor Angel Taveras talks about his efforts to avert the risk of bankruptcy by narrowing the budget deficit and pushing through pension and retirement benefit overhauls.

Rhode Island House Speaker Gordon Fox and Treasurer Gina Raimondo will introduce legislation to provide a funding stream for local infrastructure investment.

Solutions to municipal distress are as complex as the problem is widespread, panelists say at The Bond Buyer conference in Providence.

Gov. Lincoln Chafee and state General Treasurer Gina Raimondo touted Rhode Island's work with struggling communities Monday morning at The Bond Buyer's symposium on distressed municipalities.

While Central Falls, RI, and Pittsburgh see light at the end of their tunnels, other tales of municipal distress from Harrisburg to California are much messier.

A Rhode Island judge removed a major hurdle to pension overhaul in Providence by calling a deal with police and fire retirees "fair, adequate and reasonable."

The state-appointed budget commission that oversees finances in East Providence, R.I., will conclude its work this month because the city's financial condition is better.

Rhode Island General Treasurer Gina Raimondo shared best practices with local government finance professionals and raised awareness about pooling financial resources.