(PROVIDENCE, RI) Gov. Lincoln Chafee won positive reviews Wednesday night for a state budget with no new taxes and a reduction in the corporate tax. The governor’s spending plan also includes more money for education and creating jobs.
Chafee’s budget for the fiscal year starting July 1st takes a different approach from his last two spending plans. Rather than proposing new taxes, the governor defended a decision to cut the corporate tax from nine to seven percent over three years. He says doing that makes sense even though money for social services remains tight.
(PROVIDENCE, RI) The president of the Greater Providence Chamber of Commerce says there was a lot to like in Gov. Lincoln Chafee’s State of the State address.
Chamber President Laurie White says last night’s address showed that the governor is serious about putting forth a pro-economic growth budget. She says she’s encouraged that the address came during a week that brought a new study and a legislative conference focused on the state’s economy.