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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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