budget

RI News
8:41 am
Thu December 4, 2014

More Red Ink In The Forecast For Rhode Island's Next Fiscal Year

More red ink is expected in the upcoming 2015 state budget.
Credit RIPR FILE

Efforts to eliminate a $66 million deficit in the current state budget will be the subject of a House Finance Committee meeting this Thursday; and more red ink is forecast for the next fiscal year.

The Finance Committee plans to hear from state department directors about attempts to cut higher-than-expected spending.  Spending in some departments can rise unexpectedly, for example, due to fluctuations in the inmate population at the state prison or overtime by state workers.

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Political Roundtable
4:00 am
Fri November 21, 2014

Political Roundtable: Raimondo on Jobs, RI's Deficits & Working With the General Assembly

Credit Ian Donnis/File Photo / RIPR

Governor-elect Gina Raimondo joins Political Roundtable this week to discuss her pre-inaugural focus, plans for confronting budget deficits, how she'll work with the General Assembly, and more.

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Politics
9:18 am
Thu November 20, 2014

House Finance Committee To Review State Budget

The House Finance Committee will review the state budget Thursday.
Credit RIPR FILE

The House Finance Committee is slated to meet Thursday to review the condition of state budget. The state will face a deficit for the next fiscal year.

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Politics
4:27 pm
Thu June 19, 2014

Chafee Signs $8.7B Spending Plan for FY'15

Governor Lincoln Chafee
Credit RIPR FILE

In a ceremony at the Statehouse today, Governor Lincoln Chafee signed into law the state's budget for fiscal year 2015.

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Politics
9:16 am
Mon June 16, 2014

RI Senate Takes Up $8.7 Billion State Budget

The Senate is expected to approve the state's $8.7 billion dollar budget.
Credit RIPR FILE

The state Senate is expected Monday to approve a new budget for the fiscal year starting July first.  The House of Representatives passed the spending plan early last Friday morning.

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RI News
2:40 pm
Fri June 13, 2014

Mayor Avedisian: We’re Working On A New City Budget

Warwick city officials are hammering out the details of a city budget that’s been at the center of a dispute between the city council and the mayor. Hanging in the balance is the property tax rate that will cover the new budget. Rhode Island Public Radio’s Catherine Welch sat down with Warwick Mayor Scott

Avedisian to find out where the city is in buttoning down the budget,  and what residents can expect on their next tax bill.

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Economy
8:29 am
Fri May 23, 2014

West Warwick Residents Approve Critical Budget

West Warwick has been teetering on the edge of financial ruin for several years.
Credit Wikimedia Commons

Residents of West Warwick have passed a town budget that scales back services and raises taxes as part of an effort to avoid a financial crisis.  The move is a early step for the town's path to fiscal stability.

The $86.3 million budget comes with plenty of concessions, including cuts in town programs, a 2.9 percent increase in property taxes, and reductions to public employee pensions. But town manager Frederick Presley said the concessions are necessary if West Warwick wants to avoid bankruptcy.

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The Pulse
2:29 pm
Fri May 9, 2014

More Medicaid Enrollees: It's Not Just About The Money

As you may know, far more Rhode Islanders signed up for Medicaid than expected recently. And the state is on the hook for millions more dollars than anticipated to care for them. The federal government is picking up the tab for now for people who became newly eligible for the program under the Obamacare Medicaid expansion, which Rhode Island opted to accept (unlike some other states). That allowed childless adults, men and women, earning less than a certain amount a year, to get health insurance, some perhaps for the first time.

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Economy
9:51 am
Fri April 25, 2014

Pawtucket Mayor Unveils Budget With No Tax Increase

Pawtucket Mayor Donald Grebien has proposed a budget that excludes any tax hike for residents or businesses. The proposed 112-million dollar budget includes buying a rescue vehicle to cut overtime costs, giving schools 600-thousand extra dollars, and setting aside money in the rainy day fund. Grebien said the arrival of new businesses, cuts in city staff, and grant revenue helped craft the budget.

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RI News
1:03 pm
Wed April 2, 2014

Proposed Cranston Budget Doesn’t Hike Property Taxes

Budget proposed by Mayor Allan Fung does not raise property taxes.
Credit file / RIPR

Cranston residents will face no property tax increase next year under a budget proposed Tuesday night by Mayor Allan Fung. He has submitted a $262 million spending plan that would fully fund the city’s annual pension obligations while not hiking property taxes.

The average Cranstonian pays $5,000 a year in property taxes. Fung admits that’s high, but says just keeping taxes from rising has been a challenge given state funding cuts and the devastation caused by the great flood of 2010.

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