Tag: Budget Deficit
Long-term proposals to close RIPTA’s shortfall could face a rough road
While the officials controlling the state's purse strings can point to budget deficits, lagging ridership levels and late efficiency studies as reasons not to...
RIPEC: Wealth tax is no solution to state’s fiscal challenges
PROVIDENCE – The Rhode Island Public Expenditure Council is expressing concerns about legislation that would increase the state's top income tax rate from 5.99%...
How should state lawmakers handle a projected fiscal 2026 state budget...
After several years of budget surpluses, state lawmakers will return in January facing a potential fiscal 2026 budget deficit of more than $300 million.
Recent...
Senate Dems tap Lawson as majority leader, back Ruggerio for president
PROVIDENCE – The R.I. Senate Democratic Caucus on Thursday elected Sen. Valarie J. Lawson as majority leader, D-East Providence, replacing Sen. Ryan Pearson, D-Cumberland,...
Smiley makes offer to school district to help close budget gap
PROVIDENCE – City Hall has offered to provide $1 million in additional funding to the Providence Public School District to help address its budget deficit...
U.S. monthly budget deficit eases to $165B in Oct., down 42%...
The United States monthly budget deficit fell in October as the government collected more taxes from individuals and corporations thanks to a much improved...
U.S. budget deficit rises to $2.71 trillion through August
WASHINGTON (AP) – The United States budget deficit rose to $2.71 trillion through August, on track to be the second largest in history due...
More red ink: U.S. budget deficit through July hit $2.54T
WASHINGTON (AP) – The United States budget deficit hit $2.54 trillion for the first 10 months of this budget year, fed by spending to...
R.I. state budget gap shrinks to $114M
PROVIDENCE – Rhode Island's elected leaders were projecting a budget gap of more than $800 million in May due to the economic shock of...
U.S. budget deficit climbs to record $2.81 trillion
SILVER SPRING, Md. (AP) – The United States budget deficit climbed to $2.81 trillion in the first 10 months of the budget year, exceeding...
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