RIPEC urges fiscal ‘restraint’ for FY 2025 state budget

THE RHODE ISLAND PUBLIC EXPENDITURE COUNCIL on Friday recommended reigning in spending growth in its analysis of the state’s fiscal outlook as lawmakers begin to craft the 2025 state budget. / COURTESY NEW HARBOR GROUP

PROVIDENCE – With the historic infusion of federal revenues from pandemic relief programs expiring and a reversal of record state revenue surpluses, the state’s general revenues are growing at a slower rate, the R.I. Public Expenditure Council said Friday in its report examining Rhode Island’s fiscal outlook in anticipation of the 2025 state budget. Micheal DiBiase,

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