Happy Budget Week, and thanks for stopping by for my weekly column. Your tips and thoughts are always welcome at idonnis (at) ripr (dot) org, and you can follow me all week long on the twitters. Let's get to it.
Legislative leaders Thursday praised the first budget presented by Governor Gina Raimondo. House Speaker Nicholas Mattiello said the spending plan avoids broad-based tax increases while promoting economic development.
“I think the overall balance is good, even though some of the decisions within that balance – whether they’re on the revenue side or the cut side – is something that none of us want to consider,” said Mattiello.
Governor Gina Raimondo on Thursday touted her $8.6 billion budget for the fiscal year starting July 1 as a plan that will begin the rejuvenation of Rhode Island's economy.
At the same time, some parts of the spending plan rely on uncertainties, including $46 million in unspecified Medicaid savings and the wiping out of millions of dollars in un-budgeted pay hikes promised to state employees during the Chafee administration.
Rhode Island faces a big financial gap as Governor Gina Raimondo prepares to unveil her first budget Thursday. State law requires a balanced spending plan, and Raimondo has pledged to improve Rhode Island’s economy while wiping out the red ink. But that will be no easy task.
Talk about a full Rhode Island. Gordon Fox pleads guilty, Gerry Martineau wants his legislative pension, the state Supreme Court green-lights an April start for the pension trial, and Governor Gina Raimondo is set to unveil her first budget on Thursday. Thanks for stopping by for my weekly column. As always, feel free to drop me a line at idonnis (at) ripr (dot) org, and to follow me on the twitters. Here we go.