The house finance committee is set to hear testimony this week regarding portions of the proposed state budget. The agenda includes the so-called “Taylor Swift Tax.”
It’s known that way because of the pop singer who owns a multi-million dollar vacation home in Westerly… the budget article proposes a property tax on vacation homes worth more than one million dollars.
Legislative finance committees are set to start holding hearings Tuesday on details of Governor Gina Raimondo’s first budget. The governor’s spending plan has attracted both praise and criticism.
The House and Senate finance committees stage weeks of hearings to review different aspects of the annual budget. Supporters and opponents of different programs turn out to testify, in an attempt to sway lawmakers.
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.
A top legislative Republican praised Governor Gina Raimondo for expressing an optimistic message in her budget address last night. But Foster Representative Michael Chippendale said the state GOP also has a number of concerns about Raimondo’s spending plan.
“While it was stated that there were no broad-based tax increases, we do see some that we do not find particularly attractive, particularly the HealthSource Rhode Island example,” said Chippendale.