Thursday, 15 May 2014

Block: Veto budget with 38 Studios bond repayment


Republican gubernatorial candidate Ken Block says he'd veto a state budget that includes repaying the bonds for the failed 38 Studios venture. His Republican opponent Allan Fung says he would consider that option if elected.


Both Republican candidates oppose repaying the bonds from the $75 million state loan guarantee given to former Red Sox pitcher Curt Schilling's now-bankrupt company.


The Democratic candidates say the bonds must be repaid, as does Gov. Lincoln Chafee.


When asked for specific steps they would take if elected, Block says he would veto the budget.


Fung says he would determine what's appropriate after he's governor, and all options would be on the table, including a budget veto, if necessary.


Block also says he'd push legislation to eliminate moral obligation bonds. Fung wants a line-item veto.



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