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.
A state Senate committee voted Tuesday to create a new Rhode Island infrastructure fund that would eliminate tolls on the Sakonnet River Bridge. As Rhode Island Public Radio political reporter Ian Donnis reports, the bill faces several hurdles to take effect.
The legislation unanimously passed by the Senate Finance Committee would generate 800 million dollars over 10 years for keeping up roads and bridges. Senate President Teresa Pavia Weed calls the bill a long-term approach, starting next year, for improving the state’s decaying infrastructure.
Senate President Teresa Paiva Weed sat down prior to the start of the new General Assembly session to discuss top issues facing the state, including the economy; the growing cost of paying back investors in 38 Studios, Sakonnet River Bridge tolls, voter ID, and more.
With the General Assembly set to start its new session Tuesday, House Speaker Gordon Fox sat down to discuss the issues facing the legislature, including the latest budget deficit; fallout from 38 Studios; the possible impact of a settlement over the 2011 overhaul of the state pension system; tolls on the Sakonnet River Bridge; and more.
The Rhode Island Turnpike and Bridge Authority is ramping up efforts to collect the 10-cent toll on the Sakonnet River Bridge. Chairman David Darlington said there are 750,000 records of drivers who have crossed the bridge without being charged. Now the authority is ready to collect.
If you have an E-ZPass, it will be charged. If you don’t own an E-ZPass and have crossed the Sakonnet Bridge fewer than 25 times, you will not receive a bill. But after you make that 25th trip, the authority will send out a bill of at least $2.50.