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THE RHODE ISLAND Public Expenditure Council is advising state policymakers to act with urgency in addressing a projected fiscal year 2022 $513.7 million budget deficit.

RIPEC advises ‘more urgency’ in addressing state FY22 budget deficit

PROVIDENCE – The Rhode Island Public Expenditure Council is advising state legislators to act with “more urgency” in addressing a $513.7 million budget deficit...
THE RHODE ISLAND Public Expenditure Council recommended that the state continue to pursue tax policies that would increase its ranking on the Tax Foundation's State Business Tax Climate Index in analysis released Tuesday. / COURTESY TAX FOUNDATION

RIPEC suggests steps to boost R.I. business tax climate

PROVIDENCE – The Rhode Island Public Expenditure Council released its analysis of the Tax Foundation's 2021 Business Tax Climate Index on Tuesday, offering recommendations...
RHODE ISLAND GDP was projected to have increased at 25.6% annualized rate in the third quarter, according to a new report. / COURTESY THE CENTER FOR GLOBAL AND REGIONAL ECONOMIC STUDIES AT BRYANT UNIVERSITY AND THE RHODE ISLAND PUBLIC EXPENDITURE COUNCIL

Report: Despite job gains, R.I. economic activity “severely constrained” in Q3

PROVIDENCE – Despite recovering a number of jobs, economic activity in Rhode Island continued to be "severely constrained" because of the coronavirus pandemic, said...
CRUCIAL CREATION: Dr. Pablo Rodriguez, medical director of community relations at Care New England Health System, says forming an independent committee to plan the state’s vaccine distribution will build trust in the process. / PBN PHOTO/ELIZABETH GRAHAM

Slow-spending R.I. has two months to disperse $900M in CARES Act...

Rhode Island officials rejoiced when they learned in March that the state would get a $1.25 billion slice of the federal coronavirus relief package....
IN A RUSH: 
Gov. Gina M. Raimondo’s administration has less than two months to disperse $900 million in pandemic-related federal aid. / PBN FILE PHOTO/MICHAEL SALERNO

Ramp up R.I. pandemic aid spending where it’s needed most

It’s usually wise not to quickly spend a windfall, unless there’s a use-it-or-lose-it deadline attached to it. That’s the situation the state finds itself...

More tax revenue, fewer expenses lessen FY 20 strain on state...

PROVIDENCE – The hit COVID-19 took on state coffers in fiscal year 2020 was not as bad as expected, thanks to a combination of...
Michael DiBiase

Pandemic offers R.I. leaders a chance to reassess priorities

Rhode Island has been hit harder by the COVID-19 pandemic than most states, and the economic fallout has left the General Assembly with a...
A NEW report from the Rhode Island Public Expenditure Council projected that that the state's unemployment insurance trust will become insolvent by September, potentially resulting in raised business taxes down the road.

RIPEC: State unemployment trust may run out by Sept., resulting in...

PROVIDENCE – Rhode Island’s unemployment insurance trust fund is on track to run out by September, and the result may be higher taxes for...
RHODE ISLAND's gross domestic product was projected to have contracted at a 4.3% annualized rate in the first quarter of 2020. / COURTESY RHODE ISLAND PUBLIC EXPENDITURE COUNCIL AND THE CENTER FOR GLOBAL AND REGIONAL ECONOMIC STUDIES AT BRYANT UNIVERSITY

Report: R.I. Q1 GDP projected to have contracted at 4.3% annualized...

PROVIDENCE – Rhode Island’s gross domestic product was estimated to have contracted at a 4.3% annualized rate, according to a report from the Rhode...
STANDING HER GROUND: Karen Santilli, director of Crossroads Rhode Island, is hopeful that an affordable-housing program included in Gov. Gina M. Raimondo’s initial budget proposal will survive despite the state’s new revenue woes. / PBN PHOTO/MICHAEL SALERNO

Unkindest cuts: Many casualties expected as R.I. begins ‘brutal’ budget process

The future looked encouraging for Karen Santilli just a few months ago. In mid-January, Gov. Gina M. Raimondo released a $10.2 billion fiscal 2021 budget...

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