RI Senate Takes Up $8.7 Billion State Budget

Jun 16, 2014

The state Senate is expected Monday to approve a new budget for the fiscal year starting July first.  The House of Representatives passed the spending plan early last Friday morning.

The Senate is expected to approve the state's $8.7 billion dollar budget.

The budget cuts the corporate tax rate, eliminates tolls on the Sakonnet River Bridge, and includes a controversial payment to continue paying back 38 Studios’ investors. House Speaker Nicholas Mattiello’s leadership team says the spending plan sets the stage for economic growth. But during the House budget debate, Republican state Rep Patricia Morgan of West Warwick cited an insufficient emphasis on cutting government spending.

"We’ve got an 8-point-7 billion dollar budget. We should be streamlining government and finding effective ways to run it, so that we don’t have to keep going back to people and nickeling and diming them to death," said Morgan.

The Senate isn’t expected to make significant changes when it votes on the House budget, first in its Finance Committee and then on the Senate floor.

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