R.I. state budget gap shrinks to $114M

Alexa Gagosz

November 17, 2020 12:45 pm

Screen-Shot-2020-11-04-at-12.05.05-PM — RHODE ISLAND is expected to have a $114 million deficit in the current fiscal year, far below the more than $800 million budget gap predicted at the height of the spring shutdown. / PBN FILE PHOTO/ARTISTIC IMAGES

PROVIDENCE – Rhode Island's elected leaders were projecting a budget gap of more than $800 million in May due to the economic shock of the coronavirus pandemic, and that figure has now shrunken down to a $114 million deficit, according to a report released Monday night. The updated deficit was estimated in a financial report…