RIPEC: McKee’s FY 2027 budget controls spending but relies on ‘millionaires tax’

PROVIDENCE – Spending is relatively restrained following a period of extraordinary growth, however expenditures rely on a new “millionaires tax,” The R.I. Public Expenditure Council concluded Thursday in its analysis of. Gov. Daniel J. McKee’s $14.86 billion fiscal 2027 budget proposal. “With federal aid and state revenue growing at a relatively stable rate, state policymakers