Some good news for Rhode Island’s state budget: income and sales tax receipts are up over last year’s totals.
That’s the report from the state Department of Revenue comparing state revenues through October with the same period last year. Income tax collections are 3 percent about last year and sales levies are up 4.3 percent, according to data released today.
On a more sober note, state gambling tax collections are down 1.3 percent from the same period last year.
The major candidates for Rhode Island governor have spent much of their campaigns focused on the economy. RIPR political analyst Scott MacKay on what they aren’t telling voters.
All of the Rhode Island political campaigns this year are talking about our state’s sluggish economy. In the governor’s contest between Republican Allan Fung, the Cranston mayor, and Democrat Gina Raimondo, the state treasurer, jobs and the economy often seem to be the only topic.
The usual special interest groups are blasting the new state budget approved by the General Assembly. But RIPR political analyst Scott MacKay says maybe lawmakers did the best they could in tough times.
Rhode Island’s General Assembly has approved an $8.7 billion taxing and spending plan for the financial year that begins July First. This budget has drawn fire from the usual suspects who roam the marble Statehouse corridors lobbying for their causes.
After too many years of giving short shrift to public higher education in Rhode Island, the General Assembly and state government appear to have finally begun to reverse this short-sighted policy.
In the budget that cleared the House Finance Committee on a 14 to 2 vote Thursday, the University of Rhode Island, Rhode Island College and the Community College of Rhode Island have won some important initiatives.
Nothing is certain in life except death and taxes. RIPR political analyst Scott MacKay says it may be time for Rhode Island to get out from under this cliché.
Once again, conservative groups and business leaders are lobbying for big changes to Rhode Island’s estate tax. Called the ``death tax’’ by opponents, this tax is levied upon Rhode Island estates of more than about $922,000.