Auditor General: R.I. falls short in fiscal 2017 but cash reserves in compliance

THE R.I. OFFICE OF THE AUDITOR GENERAL said that in fiscal 2017, the R.I. General Fund decreased by $110.7 million to $390 million. / COURTESY R.I. OFFICE OF THE AUDITOR GENERAL
PROVIDENCE – Rhode Island posted a deficit of $110.7 million in fiscal 2017, according to the annual audit of the state’s fiscal position conducted by Auditor General Dennis E. Hoyle released Tuesday. Total revenue for the state from taxes, federal grants and other revenue in the fiscal year ended June 30, 2017, amounted to $6.7…

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