State controller: FY 21 budget year ends $51M above expected surplus

RHODE ISLAND ended fiscal year 2021 with a $332 million surplus, which was $51 million higher than prior estimates, according to a preliminary report published Sept. 1 from State Controller Dorothy Pascale. Pictured is the R.I. Statehouse. / PBN FILE PHOTO/CASSIUS SHUMAN
PROVIDENCE – Higher income and sales tax revenue combined with federal emergency management reimbursements boosted the state’s fiscal 2021 surplus to $332 million as of June 30, according to a preliminary report published Sept. 1 from State Controller Dorothy Pascale. The surplus exceeds what the R.I. General Assembly previously estimated by about $51 million, and…

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