Fiscal Policy
Richard Licht moderates. [9:24] Q to John Simmons of RIPEC. What’s happening in other states? [9:24] Simmons: Rhode Island has acted much faster than other states in facing the fiscal crisis. Simmons is presenting some RIPEC “How we compare charts”… [9:23] Simmons highlights “vendor payments” as a big RI budget driver, and that a lot…
Good morning, from the Sapinsley Center on the campus of Rhode Island College, where I will be liveblogging Governor-Elect Lincoln Chafee’s budget summit this morning: Governor-Elect Chafee offers opening remarks: First priorities are education, state-aid and Central Falls Deficit for next year as high as 300M There are 2 columns in any budget, revenues and…
For those interested, HERE is a working list of all of the earmarks contained in the lame duck FY2011 budget. I assume it will be continually updated as required (hence, the “working”). I’ve also broken out the RI earmarks from messr’s Reed, Whitehouse, Langevin and Kennedy and you can download it HERE. All told, according…
Philip Marcelo‘s story on Providence City Auditor James Lombardi’s memo expressing “grave concern regarding the financial stability” of Providence is running in today’s Projo. The memo addresses several issues, one of which concerns the reserve fund that the City is supposed to maintain. According to the memo, the balance in the “reserve contingency funds cash…
The floor (aka the comments section) is open, for people who’d like to discuss why they will or will not be voting for or against the fourth question that will appear on the Nov. 2 Rhode Island ballot…OPEN SPACE AND RECREATION BONDS — $14,700,000 Approval of this question will authorize the State of Rhode Island…
The floor (aka the comments section) is open, for people who’d like to discuss why they will or will not be voting for or against the third question that will appear on the Nov. 2 Rhode Island ballot…TRANSPORTATION BONDS — $84,700,000 Approval of this question will authorize the State of Rhode Island to issue general…
The floor (aka the comments section) is open, for people who’d like to discuss why they will or will not be voting for or against the second question that will appear on the Nov. 2 Rhode Island ballot…HIGHER EDUCATION FACILITIES BONDS — $78,000,000 Approval of this question will allow the State of Rhode Island to…
In response to my post from yesterday on the potential crunch coming to the Rhode Island budget based on the loss of Federal dollars, spurrued by Professor Leonard Lardaro’s Staurday Projo op-ed, commenter Bill replies…Most respectfully and to the contrary, there will always be “bailout” or other “funny” money from Washington for RI. Obama knows…
In an op-ed in today’s Projo, University of Rhode Island Economics Professor Leonard Lardaro connected the macroeconomic to the macropolitical…The upcoming election is more important than is generally assumed for Rhode Island, because federal bailout money will no longer be available by this time next year. Fiscally, this will force us to go “cold turkey.”…
Ted Nesi has responded to my post, yesterday, about state conduit debt. Giving some further details about the situation in Rhode Island, Nesi writes: To return to Justin’s critique, the reason it’s easier and cheaper for these institutions to borrow through the state isn’t because of an implicit Fannie-Freddie promise; it’s because state bonds are…
