Audit: R.I. General Fund revenue exceeds spending and transfers by $8.5M in FY19

RHODE ISLAND'S "rainy day" fund reached $203.9 million by the end of the fiscal 2019 year, according to a new audit. / PBN FILE PHOTO/ NICOLE DOTZENROD
PROVIDENCE – Fiscal 2019 General Fund revenue exceeded spending and transfers by $8.5 million, according to an audit report released by the General Assembly on Tuesday. The R.I. Auditor General report said that the state’s “rainy day” fund had a balance of $203.9 million at the end of the fiscal year. The RI Capital Plan…

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