Home Economy Report: R.I. among states that ‘didn’t have enough money to pay all...

Report: R.I. among states that ‘didn’t have enough money to pay all of its bills’ in FY24

THE ANNUAL “Financial State Of The States” report released by the nonprofit Truth in Accounting found that Rhode Island had a burden of $8,500 per taxpayer in fiscal 2024, placing it among a list of 25 “sinkhole” states that did not have enough revenues to cover expenses. / PBN FILE PHOTO/ARTISTIC IMAGES

PROVIDENCE – Rhode Island had $9 billion at its disposal to pay $12.6 billion worth of bills in fiscal year 2024, according to the latest “Financial State of the States” report released Thursday by the nonprofit Truth in Accounting. After factoring in total liabilities offset against assets available, the think tank that analyzes government finances,

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