After three years of doling out hundreds of millions in COVID-relief funding, the next General Assembly session will be facing projected budget cuts of more than $330 million.
“A lot of people have gotten used to the federal money,” House Speaker K. Joseph Shekarchi acknowledged to PBN in this week’s cover story. But this coming year, he says, there’s no more money for pet projects or big-ticket spending requests.
Years of big spending, he said, will give way to “making sure our directives are carried out in an effective way.”
It’s a bleak outlook, especially for those expecting state lawmakers to complete unfinished business affecting affordable housing, health care, economic development and fallout from the Washington Bridge debacle, among other issues.
While Speaker Shekarchi may be tamping down expectations from constituents and special interests amid a looming deficit, state leaders will be expected to do more than just find palatable spending cuts.
They’ll also need to continue progress on affordable housing, find solutions to a looming health care crisis, and grow and preserve jobs. It’s a balancing act state lawmakers haven’t faced since before the pandemic.
January oversight hearings on what led to the bridge failure and its ballooning repair costs will be a good start.
Efforts to incentivize Hasbro Inc. to keep its headquarters in the state will be closely watched, as will the response to the growing shortage of primary care doctors.
With no federal windfall to lean on, 2025 will bring challenges state leaders must get to work on Day 1.