NewsRadio 920 WHJJ and the Associated Press
PROVIDENCE, R.I. (AP) — The Rhode Island House is likely to engage again in heated debate over whether to repay the bonds that financed 38 Studios' $75 million state-backed loan when lawmakers take up the budget next week.
Legislative leaders and the governor support repayment, and the proposed 2014-2015 budget approved in House Finance Thursday includes $12.3 million for the next installment of what's owed.
But some lawmakers are still pushing for a default.
Oversight Chairwoman Karen MacBeth calls inclusion of the $12.3 million a "deal-breaker." Minority Leader Brian Newberry says the bond payment is the top reason he won't support the $8.7 billion plan.
The budget includes corporate and estate tax cuts and a plan to kill the SakonnetBridge toll and hike the gas tax to raise money for a statewide transportation fund.