state spending http://ripr.org en Budget Office: RI Deficit Set to Grow to 410M in FY 2018 http://ripr.org/post/budget-office-ri-deficit-set-grow-410m-fy-2018 <p>Rhode Island continues to face onerous budget deficits for the near future -- from $149.2 million for the fiscal year starting in July 2014 to $410 million in FY 2018, according to a new five-year analysis by the state <a href="http://www.budget.ri.gov/">Budget Office</a>.</p><p>The cascade of red ink will place pressure on lawmakers to find fresh spending cuts, even as new casinos in Massachusetts are expected to cut into one of Rhode Island's top revenue sources -- gambling. The legal challenge to the 2011 overhaul of the state pension system poses another possible wild card.</p> Mon, 26 Aug 2013 21:03:16 +0000 Ian Donnis 20658 at http://ripr.org