budget deficit http://ripr.org en State Continues to Face Growing Budget Deficits http://ripr.org/post/state-continues-face-growing-budget-deficits <p>Rhode Island continues to face worsening budget deficits for the next five years. That’s according to new information from the state budget office.&nbsp; The red ink could cause cutbacks in government programs.</p><p></p><p>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.</p><p></p><p>The budget enacted by the General Assembly in June made some relatively minor reductions in the state’s long-term deficits.</p><p></p> Tue, 27 Aug 2013 12:38:21 +0000 Ian Donnis 20688 at http://ripr.org State Continues to Face Growing Budget Deficits