budget

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.

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