Corporate tax revenue at center of state’s $100M shortfall

By
-
Rhode Island's budget impasse is being followed by independent ratings agencies./PBN FILE PHOTO/STEPHANIE ALVAREZ EWENS
Rhode Island's budget impasse is being followed by independent ratings agencies./PBN FILE PHOTO/STEPHANIE ALVAREZ EWENS
PROVIDENCE – A multimillion-dollar shortfall in projected corporate tax revenue is largely contributing to the state’s near $100 million shortfall in revenue estimates. And it’s not entirely clear why. The state’s budget office on Wednesday estimated revenue for fiscal 2017 would total about $3.7 billion, representing a $60.1 million decline from the last time revenue…

Register to keep reading or subscribe today and receive unlimited access.
Register Now Already a Subscriber? Login now

If you have already logged in and are still seeing this message, please refresh the page as your browser is caching the old content.

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

RELATED ARTICLESMORE FROM AUTHOR

No posts to display