Tim Mcgourthy News Today

As was the case for the first two years of debt payments, the saving grace for the current fiscal year 2023 and the next fiscal year 2024 is a $3-million property sale from 2021.

Revenues from Polar Park will not cover Worcester's debt payments this year or next year, but after that, city projections show that the project will begin to make a profit.

Completion dates for the office and hotel buildings in Madison Properties’ development across the street from Worcester’s Polar Park stadium have been pushed back another year. The new timelines for the two buildings were reported in a financial analysis of the City from Fitch Ratings Inc., a New York credit rating agency, as part of an assessment of the City of Worcester's financial situation to rate the City's bond offerings.

Every Friday, GoLocalProv takes a look at who is rising and who is falling in Rhode Island and national politics, business, culture, and sports.

The Worcester Red Sox are facing financial issues and the City of Worcester is behind in making payments on the stadium, according to reports.

The City of Worcester’s team-friendly effort to pay off the $160-million cost of the Polar Park baseball stadium over 30 years is off to a rocky start.

The fiscal 2022 budget tries to focus on addressing equity in the city.

Proposed Worcester budget reveals new 25-cent increase to city’s yellow trash bags Updated May 11, 2021; Within the proposed fiscal 2022 budget submitted by Worcester City Manager Edward, an item exists that will hit the wallets of the majority of city residents. Augustus is recommending an increase to the cost of the city’s trash bags. The recommended jump would be $0.25 per trash bag. The increase would be implemented at the start of 2022. The proposed increase would provide about $350,0...