Vol. CXXXII · No. CLXFRIDAY, JULY 10, 2026Ocean State Edition

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160 articles · page 4 of 14
CommerceGovernancePaywall

RI House Finance approves $15.2B budget with phased millionaires tax, inspector general

Rhode Island House Finance Committee approved a $15.2 billion fiscal 2027 budget—$300 million larger than Gov. McKee's original proposal. The plan phases in a millionaires tax over three years (1% annually reaching 8.99% by 2029), generating $22 million in year one. It also allocates $1.3 million to create an inspector general's office with 12 positions to monitor state agencies for fraud and waste.

bostonglobe.comJUN 2, 2026
CommerceFree press

Former Rhode Island Mall property sold for $20.5M to Montreal firm

Atlantic Capital Partners sold Midland Commons, the former Rhode Island Mall site in Warwick, to Montreal-based Brasswater for $20.5 million. The power center condominium houses tenants including Dick's Sporting Goods, Burlington, and Planet Fitness along Bald Hill Road. The deal represents significant commercial real estate activity in Rhode Island's retail sector.

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© 2026 RI Capitol · All rights reserved.Aggregated summaries linking out to original sources. XPoLL.
turnto10.com
JUN 2, 2026
GovernanceCommerceFree press

McKee signs World Cup bar hours bill allowing extended service until 4 a.m.

Gov. Dan McKee signed legislation Friday allowing bars and restaurants to stay open until 4 a.m. during 2026 World Cup matches, with liquor service until 3 a.m. The measure permits municipal licensing authorities to grant temporary extended hours between June 11 and July 3, applying to FIFA match days only. Businesses must seek local board approval 14 days in advance. Gillette Stadium in Foxboro will host seven World Cup matches, projected to generate over $330 million economic impact for Rhode Island.

rhodeislandcurrent.comJUN 2, 2026
CommercePaywall

Care New England cuts 30+ leadership jobs amid $20M budget shortfall

Rhode Island's second-largest health system eliminated more than 30 leadership and nonclinical positions to address an estimated $20 million budget gap for fiscal 2026. CEO Dr. Michael Wagner cited inadequate Medicaid reimbursement rates and rising costs as financial pressures requiring immediate action to preserve essential services.

bostonglobe.comMAY 31, 2026
CommerceGovernancePaywall

RIPEC report: RI's $644M housing investments yield 'no meaningful impact'

A Rhode Island Public Expenditure Council report found that over $644 million in state housing investments since 2021 produced 'no meaningful impact' on affordability for most residents. RIPEC President Michael DiBiase said the state relies on an overly complex strategy with policy incentives failing to maximize housing production.

bostonglobe.comMAY 31, 2026
JudiciaryCommercePaywall

CFTC intervenes in federal suit over RI prediction-market regulation

The Commodity Futures Trading Commission filed to intervene in Kalshi's federal lawsuit against Rhode Island, arguing only the CFTC has authority to regulate prediction markets like Kalshi and Polymarket. The move came after RI Attorney General Peter Neronha sued both platforms in state court, claiming their event contracts violate state gambling laws. The legal clash pits federal trading oversight against Rhode Island's state-run sports betting monopoly.

bostonglobe.comMAY 30, 2026
CommerceGovernanceFree press

McKee scraps Burrillville hospital plan, seeks $243M Cranston facility as costs spiral

Governor Dan McKee's administration is abandoning plans to build a new state long-term acute care hospital at the Zambarano Campus in Burrillville after costs ballooned to $322 million—triple the 2023 estimate. A new study recommends constructing a $243 million facility in Cranston instead, citing lower infrastructure costs. The shift reflects escalating construction expenses and urgent need to replace aging state healthcare infrastructure.

wpri.comMAY 30, 2026
CommerceGovernanceFree press

House Finance Committee approves $15.2B budget, $300M above McKee's proposal

Rhode Island's House Finance Committee approved a $15.2 billion budget for fiscal 2027, roughly $300 million larger than Governor McKee's January proposal and $900 million above the current year. The budget includes a phased-in 3% tax on income over $1 million and a new office of inspector general. The plan now advances to the full House for a vote.

wpri.comMAY 30, 2026
CommercePaywall

Bally's Awarded Rhode Island's Second Online Sportsbook License

Rhode Island Lottery has tentatively awarded Bally's Corp. a five-year license to operate the state's second online sportsbook, ending the single-operator market in place since 2019. The new platform could launch as soon as November 2026. Bally's was one of only two bidders for the license, competing against Chicago-based Rush Street Interactive.

bostonglobe.comMAY 29, 2026
CommerceFree press

RIPEC Report: Rhode Island Housing Program Delivers 'Few Units at High Cost'

The Rhode Island Public Expenditure Council released a report criticizing the structural inefficiencies of Rhode Island's affordable housing investments. Despite authorizing over $644 million toward housing since 2021, RIPEC states the high-cost, high-subsidy model "has served relatively few Rhode Islanders" and made no meaningful impact on the state's housing challenges, even as Providence rents surge and median home prices jump 10.2% to $529,000.

golocalprov.comMAY 29, 2026
CommercePaywall

Beacon Mutual Data Breach Exposes 131,000 Rhode Island Customers' Information

Beacon Mutual Insurance Co., a major workers' compensation insurer in Rhode Island, began notifying 131,000 state customers on May 18 that their personal data was compromised during a January ransomware attack. The company posted updates on its website regarding the breach and customer notification process.

pbn.comMAY 29, 2026
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