state budget en House Lawmakers Set To Take Up State Budget <p>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.</p><p></p><p>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.</p> Thu, 12 Jun 2014 13:08:24 +0000 Ian Donnis 35055 at House Lawmakers Set To Take Up State Budget State's Historic Tax Program Not Included In State Budget <p>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.</p><p></p> Thu, 12 Jun 2014 12:51:29 +0000 Catherine Welch 35054 at State's Historic Tax Program Not Included In State Budget Local Think Tank Calls For Millions In Cuts To State Spending <p>A conservative-leaning think tank says Rhode Island spends more than 220 million dollars each year on what it calls non-essential state services.&nbsp; The Rhode Island Center for Freedom and Prosperity says cutting this spending would improve Rhode Island’s economy.</p><p></p><p></p> Wed, 02 Apr 2014 12:54:29 +0000 Ian Donnis 31410 at Local Think Tank Calls For Millions In Cuts To State Spending Chafee Calls for Boost in Education Funding <p>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.</p><p></p><p>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.</p><p></p> Thu, 16 Jan 2014 14:18:11 +0000 Elisabeth Harrison 27759 at State Continues to 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 State Continues to Face Growing Budget Deficits Young Democrats of RI slam House Finance Budget <p>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.</p><p>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.</p> Wed, 19 Jun 2013 21:31:57 +0000 Scott MacKay 17190 at Revenue Estimates to be Heard at State House <p>The outlook for Rhode Island’s next state budget will come into sharper view when the latest revenue data is discussed this morning.</p><p>The annual revenue estimating conference takes place twice a year, in November and May. It’s when legislative staffers offer their estimates of state revenues, based on taxes and other sources of income.</p><p></p><p>The latest revenue estimates are then used by the General Assembly when it makes revisions to the governor’s proposed budget for the fiscal year starting July first.</p><p></p> Tue, 07 May 2013 12:37:37 +0000 Ian Donnis 14782 at Revenue Estimates to be Heard at State House General Assembly Back in Session <p>After a one-week winter break, the General Assembly gets back to work Tuesday.</p><p></p> Tue, 26 Feb 2013 13:12:57 +0000 Ian Donnis 10957 at General Assembly Back in Session Gist: New board won’t change agenda <p>State Education Commissioner Deborah Gist says her plan for improving Rhode Island’s public schools will not change, even if she is reporting to a new board of education.</p><p>The leadership change is part of the state budget that won approval last night from Senate lawmakers. It has already gotten a green light from the House of Representatives.</p> Tue, 12 Jun 2012 17:34:11 +0000 Elisabeth Harrison 8398 at