budget

RIPR FILE

The House Finance Committee is slated to meet Thursday to review the condition of state budget. The state will face a deficit for the next fiscal year.

RIPR FILE

In a ceremony at the Statehouse today, Governor Lincoln Chafee signed into law the state's budget for fiscal year 2015.

RIPR FILE

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.

Warwick city officials are hammering out the details of a city budget that’s been at the center of a dispute between the city council and the mayor. Hanging in the balance is the property tax rate that will cover the new budget. Rhode Island Public Radio’s Catherine Welch sat down with Warwick Mayor Scott

Avedisian to find out where the city is in buttoning down the budget,  and what residents can expect on their next tax bill.

West Warwick Residents Approve Critical Budget

May 23, 2014
Wikimedia Commons

Residents of West Warwick have passed a town budget that scales back services and raises taxes as part of an effort to avoid a financial crisis.  The move is a early step for the town's path to fiscal stability.

The $86.3 million budget comes with plenty of concessions, including cuts in town programs, a 2.9 percent increase in property taxes, and reductions to public employee pensions. But town manager Frederick Presley said the concessions are necessary if West Warwick wants to avoid bankruptcy.

As you may know, far more Rhode Islanders signed up for Medicaid than expected recently. And the state is on the hook for millions more dollars than anticipated to care for them. The federal government is picking up the tab for now for people who became newly eligible for the program under the Obamacare Medicaid expansion, which Rhode Island opted to accept (unlike some other states). That allowed childless adults, men and women, earning less than a certain amount a year, to get health insurance, some perhaps for the first time.

Pawtucket Mayor Donald Grebien has proposed a budget that excludes any tax hike for residents or businesses. The proposed 112-million dollar budget includes buying a rescue vehicle to cut overtime costs, giving schools 600-thousand extra dollars, and setting aside money in the rainy day fund. Grebien said the arrival of new businesses, cuts in city staff, and grant revenue helped craft the budget.

file / RIPR

Cranston residents will face no property tax increase next year under a budget proposed Tuesday night by Mayor Allan Fung. He has submitted a $262 million spending plan that would fully fund the city’s annual pension obligations while not hiking property taxes.

The average Cranstonian pays $5,000 a year in property taxes. Fung admits that’s high, but says just keeping taxes from rising has been a challenge given state funding cuts and the devastation caused by the great flood of 2010.

I'm combing through a Rhode Island Senate Fiscal Office summary of Governor Lincoln Chafee's FY 2015 budget proposal - a handy document that summarizes the item in question and analyzes its potential impacts. In health care, there's lots to digest.

But here are a few items that have caught my eye so far. And keep in mind, these are all still up for debate.

Ian Donnis / RIPR

Gov. Lincoln Chafee has delivered his final state budget proposal and delivered his final State of the State address. Rhode Island Public Radio political analyst Scott MacKay parses Chafee’s last hurrah.

The cliché says: show me your budget and I’ll figure out your priorities. When it comes to Gov. Chafee’s final budget, that may be a trite description, but it’s true.

Ian Donnis / RIPR

Governor Lincoln Chafee will unveil his last state budget during a State of the State address Wednesday at the Statehouse. As Rhode Island Public Radio political reporter Ian Donnis reports, Chafee announced last year he wouldn’t seek re-election

Chafee will present his spending plan during a public address to the legislature, which typically makes significant changes to the budget before ending its session in June. During a recent interview, Chafee said his spending priorities remain unchanged.

Ian Donnis / RIPR

With the General Assembly set to start its new session Tuesday, House Speaker Gordon Fox sat down to discuss the issues facing the legislature, including the latest budget deficit; fallout from 38 Studios; the possible impact of a settlement over the 2011 overhaul of the state pension system; tolls on the Sakonnet River Bridge; and more.

Republican candidate for governor Ken Block joins Bonus Q+A this week to discuss the economy, Sakonnet tolls, his view of budget savings, and a host of other issues.

Ian Donnis / RIPR

Republican candidate for governor Ken Block joins Political Roundtable this week to discuss his campaign; why he became a Republican; the fate of the Moderate Party; his plan to save $1 billion over four years; and more.

Ian Donnis / RIPR

Do voters really want substance in their candidates?

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