Human services

RIPEC Analyzes Rhode Island’s Business Tax Climate

PROVIDENCE, R.I. – The Rhode Island Public Expenditure Council released today its analysis of Rhode Island’s business tax climate, finding that the state has improved its standing in the Tax Foundation’s Business Tax Climate Index from 42nd to 41st but still ranks in the bottom ten states. RIPEC’s brief also assesses potential tax law changes …

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RIPEC Analyzes the Governor’s FY 2024 Budget and the State’s Fiscal Outlook

Providence, R.I. – The Rhode Island Public Expenditure Council (RIPEC) released a report today analyzing Governor Daniel J. McKee’s proposed fiscal year (FY) 2024 budget, revisions to the FY 2023 budget, and the state’s fiscal outlook. RIPEC found that the governor’s proposed FY 2024 budget represents the continuation of a level of total spending and …

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Rhode Island Falls to the Bottom Ten States in Business Tax Climate Index

PROVIDENCE, RI – An analysis of the Tax Foundation’s 2023 Business Tax Climate Index (the Index) by the Rhode Island Public Expenditure Council shows Rhode Island entered the bottom ten states for business tax competitiveness for the first time since 2015, ranking 42nd highest (ninth worst) in the nation.  The Index annually demonstrates how competitive …

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Rhode Island’s FY 2023 Enacted Budget and Fiscal Outlook

Providence, R.I. – The Rhode Island Public Expenditure Council (RIPEC) released a report today analyzing the state’s fiscal year (FY) 2023 budget and the fiscal outlook in future budget years.  The FY 2023 budget is the state’s third consecutive annual budget characterized by a massive influx of federal COVID-19 relief dollars and the second consecutive …

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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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Unemployment Trust Fund Solvency Threatened, Rate Hikes Likely; TDI Stable but Rates Hikes Likely

PROVIDENCE, RI – A new Rhode Island Public Expenditure Council report released today finds that, because of the economic crisis resulting from the COVID-19 pandemic, Rhode Island’s unemployment insurance (UI) trust fund is projected to be insolvent by the end of September. As a result, employers are likely to pay significantly more in federal and state …

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RIPEC Releases Economy Volume in Rhode Island in Context Series

PROVIDENCE R.I. (October 2019): Today, the Rhode Island Public Expenditure Council released the third of three volumes that comprise “Rhode Island in Context: Regional and Historic Trends,” 2019 Edition. The full volume is available here.  “Rhode Island in Context” provides summaries and analyses of the most current national, regional, and state data that measure the Ocean …

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RIPEC Releases Population Volume in Rhode Island in Context Series

PROVIDENCE R.I. (October 2019): Today, the Rhode Island Public Expenditure Council released the second of three volumes that comprise “Rhode Island in Context: Regional and Historic Trends,” 2019 Edition. “Rhode Island in Context” provides summaries and analyses of the most current national, regional, and state data that measure the Ocean State’s population trends, economy, and …

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RIPEC Policy Brief: Adopting a State-Based Individual Shared Responsibility Payment

Today, RIPEC released a Policy Brief that considers whether adopting a state-based individual shared responsibility payment (SRP, or individual health insurance mandate penalty) is a sensible policy choice for Rhode Island.  Based on a review of the theoretical arguments and empirical literature, RIPEC believes that adopting a state-based individual SRP, and dedicating those revenues to …

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RIPEC Policy Brief: How Rhode Island Unemployment Insurance Benefits Compare

Today, RIPEC released a Policy Brief that provides an analysis of how Rhode Island’s Unemployment Insurance benefits compare to other states nationally and within New England.  The intent of this policy brief is to provide background information and context when considering legislation introduced during the 2019 Legislative Session that would increase the maximum weekly unemployment …

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