Audit: R.I. General Fund expenditures outpace revenue by $31M in fiscal ’18

RHODE ISLAND's General Fund expenditures and transfers outpaced revenue by $31.3 million in fiscal 2018, according to an audit from the R.I. Office of the Auditor General. / COURTESY R.I. OFFICE OF THE AUDITOR GENERAL
RHODE ISLAND's General Fund expenditures and transfers outpaced revenue by $31.3 million in fiscal 2018, according to an audit from the R.I. Office of the Auditor General. / COURTESY R.I. OFFICE OF THE AUDITOR GENERAL
PROVIDENCE – In fiscal 2018, Rhode Island’s General Fund expenditures and transfers exceeded revenue by $31.3 million, according to an audit by the R.I. Office of the Auditor General released Wednesday. The General Fund balance at the end of the fiscal year was $358.7 million, of which $31.3 million has been appropriated to support the…

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