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RIPEC Supports Borrowing for State Bond Referenda

PROVIDENCE, R.I. – The Rhode Island Public Expenditure Council released today an analysis of the seven ballot initiatives totaling $400 million to be considered by Rhode Island voters at a special election on March 2, 2021. The report looks at each bond referendum in terms of its return on investment, consistency with long-term state debt …

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Q4 2020 Current Economic Indicator Briefing Indicates Lengthy Economic Downturn

PROVIDENCE, RI – Rhode Island is in the midst of a protracted economic downturn, according to the Rhode Island Current Economic Indicator Briefing for the fourth quarter of 2020, published today by the Center for Global and Regional Economic Studies at Bryant University and the Rhode Island Public Expenditure Council. Economic data for Q4 2020 …

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Rhode Island Facing Over $500 Million Potential Deficit For Next Fiscal Year

PROVIDENCE, R.I. – Rhode Island is facing a $513.7 million budget deficit in FY 2022 if expenditures continue to grow as projected and one-time federal funding is no longer available to plug state general revenue expenditures, based on an analysis by the Rhode Island Public Expenditure Council. The so-called “skinny” FY 2021 state budget enacted …

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Rhode Island Ranks 37th in 2021 Business Tax Climate Index

PROVIDENCE, R.I. – An analysis of the 2021 Business Tax Climate Index by the Rhode Island Public Expenditure Council shows a modest increase in Rhode Island’s ranking to 37th in the nation. The 50-state ranking shows Rhode Island improving two spots over its 2020 rank. The Index also shows Rhode Island ahead of its neighbor, Connecticut …

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