Home Economy Economic Activity Proposed FY 2027 state budget closes RIPTA funding gap after months of...

Proposed FY 2027 state budget closes RIPTA funding gap after months of deficit uncertainty

THE R.I. PUBLIC Transportation Authority's projected $14 million funding gap has been addressed in the proposed fiscal year 2027 state budget, averting further service cuts and cost pressures. / PROVIDENCE BUSINESS NEWS FILE PHOTO/ MICHAEL SALERNO

PROVIDENCE – The R.I. Public Transit Authority will see its projected funding gap addressed under the proposed fiscal year 2027 state budget, resolving a shortfall the agency had previously estimated at roughly $14 million and helping avert additional service reductions or cost pressures. On Monday, RIPTA CEO Christopher Durand said he was “grateful to Gov.

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