The last budget crafted by former Gov. Lincoln Chafee’s administration and the General Assembly seems to be holding up fairly well, according to the latest revenue assessment by the Rhode Island Department of Revenue.
The official state bean-counters say that adjusted total general revenues are up about $61 million more than expected in the current budget year, which ends on June 30. This is good news for a state that has been slowly emerging from the recession.
The 2.6 percent increase in revenues is fueled by increases in the personal income tax and the corporate tax.
Hillary Clinton, the most favored non-incumbent presidential candidate in memory, enters the 2016 Democratic presidential sweepstakes tomorrow in what will be the real beginning of the presidential cycle.
She has become a prohibitive favorite and cleared the Democratic field simply by saying she was seriously considering a race for the nomination she has coveted since 2008, when she was a huge front-runner but ultimately stumbled by treating the run for the nomination more like a coronation than a campaign.
Expect the unexpected in Rhode Island politics, right? Thanks for stopping by for my weekly column. Your tips and thoughts are always welcome (idonnis at ripr dot org), and feel free to follow me on the twitters. Here we go.
Robert Walsh, executive director of the National Education Association Rhode Island, joins Political Roundtable this week to discuss Lincoln Chafee's possible presidential run; the proposed settlement of the state pension conflict; and what's ahead for public education.
Lincoln Chafee’s announcement that he is seriously considering a campaign for the 2016 Democratic presidential nomination brings to mind sports broadcaster Al Michaels’ famous call from the USA hockey team’s upset victory over the USSR in the 1980 winter Olympics: Do you Believe in Miracles?
That’s pretty much what is would take for Chafee to move into 1600 Pennsylvania Avenue in January 2017.