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Wednesday, January 23, 2019
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REVENUE OUTPERFORMED THE enacted budget estimates forAugust by $5.8 million, but July revenue collection's shortcomings still put fiscal year-to-date revenue behind the budget by $5.7 million.

DOR: August revenue outpaces budget estimate

PROVIDENCE – Rhode Island’s August revenue of $268.4 million outpaced fiscal 2018 budget estimates by 2.2 percent, or $5.8 million, according to a report...
NEENA S. SAVAGE, the Rhode Island Tax Administrator. The Division of Taxation announced details of its upcoming tax amnesty this week. / PBN FILE PHOTO/MICHAEL SALERNO

Upcoming R.I. tax amnesty details released

PROVIDENCE – The R.I. Division of Taxation on Wednesday announced the details of a 75-day tax amnesty that will begin on Dec. 2.The tax...
R.I. DEPARTMENT OF REVENUE DIRECTOR Robert S. Hull informed the Governor he will be stepping down from his position as of Sept. 29. PBN PHOTO/MICHAEL SALERNO

Hull to step down as director of DOR

PROVIDENCE – R.I. Director of Revenue Director Robert S. Hull informed Gov. Gina M. Raimondo that he will return to the private sector Sept....
FISCAL YEAR 2017 preliminary revenues exceeded final enacted revenue estimates by 0.2 percent.

DOR: FY17 revenue estimates exceed budget by $8.5M

PROVIDENCE – Rhode Island’s preliminary general revenue for fiscal year 2017 was $3.7 billion, $8.5 million, or 0.2 percent, more than final revenue estimates...
REVENUE COLLECTION FOR JULY, the start of fiscal 2018, fell $11 million, 5.1 percent, short of estimates.

DOR: July revenue falls $11M short of estimates to start FY18

PROVIDENCE – Revenue collection for July fell $11.4 million below estimates, according to the R.I. Department of Revenue on Thursday, starting the fiscal 2018...
THE DEPARTMENT OF REVENUE collected $3.7 billion in fiscal 2017 according to a June/fiscal-year-end cash collections report.

Report: FY 2017 cash collection totaled $3.7B, flat to FY 2016

PROVIDENCE – Cash collections for fiscal 2017 were $3.7 billion, only slighter more than in fiscal 2016, according to the R.I. Department of Revenue...
COLLECTIONS OF THE 5 PERCENT Hotel Tax in Rhode Island declined $249,846 year over year in May. Above, the Omni Providence Hotel, which generated collection of $125,372 in 5 percent hotel tax in May. / PBN FILE PHOTO/STEPHANIE EWENS

DOR: May 5% hotel tax collections decline $250K

PROVIDENCE – Collections of the Rhode Island 5 percent hotel tax in May decreased $249,846, year over year to $1.83 million, a 12 percent...
LOCAL 1.0 PERCENT food and beverage tax collections increased 15.7 percent in May 2017. /BLOOMBERG FILE PHOTO/LUKE MACGREGOR

DOR: May food and beverage tax collections increase 15.7%

PROVIDENCE – Collections of the local 1 percent meal and beverage tax in May increased 15.7 percent year over year to $2.73 million, a...
LOCAL 1 PERCENT HOTEL TAX collections declined 1.4 percent year over year in May, but the fiscal year-to-date local 1 percent hotel tax collection in Rhode Island was still 12 percent higher year over year.

DOR: Local hotel tax collections decline 1.4% in May

PROVIDENCE – Local 1 percent hotel tax collections for May 2017 totaled $413,176, a year-over-year decline of 1.4 percent, according to an R.I. Department...
SUMMER RETREAT: Families have been traveling to Block Island as a summer retreat for generations, helping ensure steady business at the island’s 35 hotels and its beaches. Revenue from the state’s hotel tax is a major source of income for the island, generating $2.97 million between fiscal years 2007 and 2017.  / PBN PHOTO/K. CURTIS

Will business on Block Island always be seasonal?

Sven Risom and his wife, Laura, became enamored with the beauty of Block Island long ago. After summering there for many years, they became...
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