state budget

Politics
10:23 am
Fri March 13, 2015

Legislative Leaders Praise Raimondo's FY2016 Budget Proposal

Senate President Teresa Paiva Weed addresses the General Assembly, during Gov. Raimondo's presentation of her first state budget proposal.
Credit Ian Donnis / RIPR

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.

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Politics
10:15 am
Fri March 13, 2015

State Republicans React To Gov. Raimondo's First Budget Proposal

Republican Representative of Foster, Michael Chippendale, responds to the governor's proposed budget.
Credit Ian Donnis / RIPR

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.

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Health Care
9:03 am
Fri February 27, 2015

Gov. Raimondo Tackles Rhode Island's High Medicaid Costs

Gov. Gina Raimondo signs executive order creating a group to tackle the state's high cost of medicaid.
Credit Elisabeth Harrison / RIPR

Governor Gina Raimondo is asking a group of healthcare leaders to tackle the cost of Medicaid. The program provides healthcare for poor and elderly Rhode Islanders.

The per-patient cost for Medicaid in Rhode Island is the second highest in the nation, and the rising price tag is eating up too much of the state budget. That was the message from Governor Gina Raimondo, as she signed an executive order to create a working group on Medicaid.

Raimondo said if the state doesn’t address the issue, the consequences could be dire.

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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
9:08 am
Thu June 12, 2014

House Lawmakers Set To Take Up State Budget

A vote on the state budget is expected from the House Thursday evening.
Credit RIPR FILE

Lawmakers are set to begin their annual marathon session this Thursday to vote on a budget for the fiscal year starting July first. The $8.7 billion spending plan eliminates tolls on the Sakonnet River Bridge.

House Speaker Nicholas Mattiello says he’s gotten only positive feedback about the spending plan. The budget cuts the corporate tax rate from 9 to 7 percent and raises the exemption for the inheritance tax. The spending plan also includes $12.3 million to continue paying back investors in 38 Studios.

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Politics
8:51 am
Thu June 12, 2014

State's Historic Tax Program Not Included In State Budget

The top of the Atlantic Mills building in Providence is one of the Providence Preservation Society most 'endangered' properties in the city. The Society has been working to redevelop the property; hoping to take advantage of the state's historic tax credits program.
Credit Providence Preservation Society

The House will take up a budget Thursday that does not include funding for the state’s historic tax credit program. In his budget, the governor included $52 million in tax credits with a $5 million per-project cap. But in a statement, House Speaker Nicholas Mattiello said the state is taking a one-year break, and points to projects still in the pipeline. Providence Preservation Society Executive Director Brent Runyon said that pipeline needs to stay open.

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Economy
8:54 am
Wed April 2, 2014

Local Think Tank Calls For Millions In Cuts To State Spending

The Center for Freedom and Prosperity recommends more than $200 million dollars in cuts state spending.
Credit RIPR FILE

A conservative-leaning think tank says Rhode Island spends more than 220 million dollars each year on what it calls non-essential state services.  The Rhode Island Center for Freedom and Prosperity says cutting this spending would improve Rhode Island’s economy.

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The Education Blog
9:18 am
Thu January 16, 2014

Chafee Calls for Boost in Education Funding

Governor Lincoln Chafee’s budget proposal includes thousands of dollars in new funding for public schools, colleges and universities. The $8.5 billion spending plan would increase funding for K-12 schools by roughly $38 million, and provide $10 million for public colleges and universities.

Chafee touted the power of education in his State of the State address, saying it should provide a pathway to a better life and a stronger state economy. He also made a strong argument for the role of government in growing the middle class.

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Politics
8:38 am
Tue August 27, 2013

State Continues to Face Growing Budget Deficits

The state Budget office says the deficit will continue to grow to $400 million by 2018.
Credit RIPR FILE

Rhode Island continues to face worsening budget deficits for the next five years. That’s according to new information from the state budget office.  The red ink could cause cutbacks in government programs.

The budget office says lawmakers face a $150 million deficit for the fiscal year starting in July 2014. As it stands, the budget hole is set to keep growing,until it tops $400 million for fiscal 2018.

The budget enacted by the General Assembly in June made some relatively minor reductions in the state’s long-term deficits.

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On Politics
5:31 pm
Wed June 19, 2013

Young Democrats of RI slam House Finance Budget

The Young Democrats of Rhode Island are slapping the older Democrats in their party who run the Statehouse. In a statement, the Young Democrats take issue with the proposed state budget for the fiscal year that begins July 1 that won House Finance Committee approval.

While the group ``commended’’ the Assembly for adding money for the state’s school funding formula and restoring funding for developmentally disabled citizens, the Young Democrats skewered other budget priorities.

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