Key House panel approves $13.1B fiscal 2022 budget

Updated at 10:54 p.m.

Cassius Shuman

06/17/2021

R.I. Statehouse (Credit Shuman) — R.I. HOUSE leadership unveiled its $13.1 billion budget proposal for fiscal 2022 on Thursday. / PBN PHOTO/CASSIUS SHUMAN

PROVIDENCE – The House Committee on Finance approved a $13.1 billion budget for fiscal 2022 late Thursday night that creates a business tax on forgivable Paycheck Protection Program loans above $250,000 but does not include proposals to increase taxes on high-wage earners. The budget, which now moves to the full House, was approved by a…

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