R.I. expected to lose nearly $800M due to COVID-19-inspired losses in sales, income tax, lottery revenue

By
-
RHODE ISLAND could see $800 million less in revenue over the next two years, according to new budget estimates. / PBN FILE PHOTO/NICOLE DOTZENROD
RHODE ISLAND could see $800 million less in revenue over the next two years, according to new budget estimates. / PBN FILE PHOTO/NICOLE DOTZENROD
PROVIDENCE – The state faces a nearly $800 million shortfall in revenue between this fiscal year and next, according to estimates released Friday that show the economic devastation of the pandemic. The figures include a $280.9 million reduction in the current fiscal year, which ends June 30, compared with what the state thought it would…

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