Home Economy RIPEC: State has ‘spending problem’ 

RIPEC: State has ‘spending problem’ 

Updated on Jan. 14 at 10:57 p.m.

THE R.I. PUBLIC EXPENDITURE COUNCIL released a report Friday urging policymakers to cut state spending to better align expenditures with available revenues. The state currently faces a projected $300 million structural deficit for fiscal year 2026.

PROVIDENCE – The Rhode Island Public Expenditure Council on Friday released a report outlining the fiscal challenges now facing lawmakers ahead of the fiscal year 2026 budget. The state is projected to open fiscal 2026 on July 1 with a $330 million deficit despite ending the current fiscal year with a $77 million surplus. The

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