Rhode Island

State lawmakers are in extra innings over a Pawtucket baseball stadium bond package as the team threatens a move.

The state Supreme Court's reaffirmation of a 2015 pension overhaul settlement is credit positive for Rhode Island, according to Moody's.

Wells Fargo Securities and banker Peter Cannava are alleging the SEC was dishonest in crafting investors' statements and failed to turn them over to defense attorneys in the 38 Studios case.

A new Pawtucket Red Sox stadium financing plan unveiled by House leadership late Wednesday would use future tax revenue in a large area of the city's core to pay for a new ballpark and surrounding infrastructure. It would also give public officials the power seize land for the stadium by eminent domain.

Treasurer Seth Magaziner hopes to attract more investors to Rhode Island's bond program.

Though they may sound as far apart as they ever were on public-financing of a new Pawtucket Red Sox stadium, House Speaker Nicholas Mattiello and Pawtucket Mayor Donald Grebien appear to have found what one calls a "framework" and the other "a pathway" for a possible deal.

Employers in New York also are allowed to implement a 5% payroll tax as a way of paying some of their employees’ state income taxes.

The competitive issuance will include roughly $35 million of taxable bonds.

Rhode Island voters give the public schools a passing grade and two-thirds of them support the proposed $250-million state bond issue for public school repair and construction.

Benefit changes for the city’s public safety pensions will remain, said Moody's Investors Service.