Monique Chartier
WPRO’s Dan Yorke said it outright last week. An article on WPRI’s website today references it a little more obliquely. The rumor is that Governor Chafee wishes to accept Race to the Top funding for the state without implementing all of the conditions that accompany it. More specifically, it’s purported that he’d like to duck…
… though even it may have been too optimistic. In her interview yesterday with Kathy Gregg, General Treasurer Raimondo points out that the assumed rate of return on the state’s pension fund is almost certainly not realistic. She goes on to ask the logical question. Over 10 years, she said the state has averaged 4.4…
General Treasurer Gina Raimondo has been looking at the state’s pension fund books. She notes to the ProJo’s Kathy Gregg one bit of good news: the return on investment of the pension fund in 2010 was 12%. Unfortunately, that annual return rate was very much an anomaly. This is compounded, as we know, by years…
You’ve probably heard about states’ – specifically not excluding Rhode Island’s – cash flow problems in which unfunded pension liabilities feature prominently. A federal bailout redux would kick the can down the road ease the problem for another year, though even the most tax-n-spend-happy state politicians have wisely been pessimistic about such a development. You…
No question, snow removal can be a pain. But tempting as it may be, Abington police ask that you resist … shortcuts. [H/T Dave Barry’s blog.] An Abington man is being charged with creating bombs at his former address in Abington after police had been told the man was blowing up snow banks to avoid…
Exclusively in today’s GoLocalProv: … The future of Education Commissioner Deborah Gist remains unclear under Governor Lincoln Chafee, given their very public differences over such issues as charter schools. Fox readily admits that Gist is a controversial figure—which is just what he says Rhode Island needs. “I think she’s tackling some sensitive issues, but I…
Courtesy Oceanstate Follies.
The Valley Breeze – exclusively, it appears – broke this on their website today. PAWTUCKET – Owners of the TK Club are saying they’ve rejected a bid by a group of city politicians and businesspeople to purchase the building for a marijuana distribution center. Instead they’ve unofficially accepted a separate bid from a buyer who…
Pulling out a bill from Andrew’s latest handy-dandy list, it’s not at all clear to me, setting aside crass considerations like the impact on our hedge trimming and lawn mowing bills, how this would improve our rankings of 49th worst business climate and 49th worst economy in the country. A bill sponsored last week by…
GoLocalProv reported on the 180; h/t Justin. [Newly appointed Rules Committee Chairman Rep. Peter] Palumbo [D, Cranston] said he has just started poring through all the rules, but he already has some ideas about what he would like to see changed. For one, he’d like to tweak a rule that allows a state rep to…