Tag: Budget Deficit
RIPTA once again counts on McKee to fill its budget gap
After a year of trimming its finances to try to stave off job cuts, the R.I. Public Transit Authority still faces a nearly $14...
Report: R.I. among states that ‘didn’t have enough money to pay...
PROVIDENCE – Rhode Island had $9 billion at its disposal to pay $12.6 billion worth of bills in fiscal year 2024, according to the...
Fight over truck tolls not over
The long-running dispute over truck tolling is not over. And that could be bad news for a state budget that can no longer count...
McKee, RIPTA announce proposed framework to ‘right-size’ troubled agency
PROVIDENCE – Gov. Daniel J. McKee and R.I. Public Transit Authority CEO Christopher Durand announced a reworked proposal to get a handle on the...
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...
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