Rhode Island

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.

Curt Schilling's bloody sock from a 2004 baseball playoff game sold at auction for $92,613 at auction, but Rhode Island will see no money.

Providence, R.I.'s lawsuit accusing an actuary of miscalculating savings on pension benefits reflects greater exposure of advisors to liability, experts say.

Providence, R.I., sued longtime actuary Buck Consultants, accusing it of miscalculating $700,000 of savings the city expected to realize through pension overhaul.

Rhode Island's tax structure is hindering is recovery efforts, according to an economic development study that Gov. Lincoln Chafee commissioned.

A federal judge sentenced former Central Falls, R.I., mayor Charles Moreau to two years for corruption that occurred while the city was plummeting toward bankruptcy.

Capital city Providence, R.I., expects to balance its budget by year's end, Mayor Angel Taveras said.

Pension overhaul revived investor confidence in Rhode Island, said Treasurer Gina Raimondo, who cited positives in the state's two bond offerings in 2012.

Former Boston Red Sox pitcher Curt Schilling intends to sell the famous bloody sock he wore during a 2004 playoff game at New York's Yankee Stadium to appease creditors of his defunct video-game company.

Rhode Island Rep. Michael Marcello said he doesn't want public hearings on the $75 million loan guarantee to 38 Studios to interfere with a State Police probe.

Moody's Investors Service placed tobacco settlement revenue bonds of issuers in 17 states and two territories under review with direction uncertain because of legal settlement announced in December. The action affects $20.5 billion of debt.