Rhode Island Public Expenditure Council

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Rhode Island Public Expenditure Council

Municipal Finance

Arne Duncan, US Secretary of Education to Keynote RIPEC Annual Dinner November 2, 2011

Budget, Business Climate, Economic development, Economic Indicators, Education, Elementary and Secondary Education, Municipal Finance, Pensions/OPEB, State Finance / By

As Rhode Island continues to implement far-reaching education reforms, and as the debate around the national reform agenda continues, Arne Duncan, Secretary of Education, will visit Rhode Island to deliver the keynote address at the 68th RIPEC Annual Meeting.  Secretary Duncan, who has also served as the chief executive officer of Chicago Public Schools, will …

Arne Duncan, US Secretary of Education to Keynote RIPEC Annual Dinner November 2, 2011 Read More »

RIPEC Urges No Changes to Property Tax Cap

Municipal Finance, State Finance, Taxation / By

Noting that the state’s property tax cap – commonly known as S-3050 – has achieved a measure of success in controlling the rate of growth in the state’s property tax, RIPEC today urged the General Assembly not to act on any bills that would alter the legislation. The current legislation already provides municipalities with significant …

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RIPEC Outlines a FY 2012 Budget Approach

Budget, Education, Expenditures, Funding, Human services, Medicaid, Municipal Finance, Revenues, State Finance, Taxation / By

The FY 2012 budget provides an opportunity for the state to refocus its investments, realign its priorities and focus on long-term investments.  The past three years have seen historic revenue declines that put significant pressure on the state’s budget.  However, the state’s structural budget deficit – expenditure growth that exceeds revenue growth – has been …

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Retirement Benefit Reform Needed to Maintain Local Fiscal Sustainability

Budget, Municipal Finance, Pensions/OPEB, State Finance / By

Today, June 7, 2011 the Rhode Island Public Expenditure Council (RIPEC) released a report on municipal retirement benefit obligations. In addition to providing a summary of the status of pension and other post-employment benefits (OPEB) throughout the state, the report provides an overview of the proposed Municipal Accountability, Sustainability and Transparency (MAST) Fund and how …

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State and Local Government Pensions and Other Post-employment Benefits

Budget, Municipal Finance, Pensions/OPEB, State Finance / By

On March 17, 2010, RIPEC will released a summary of the state’s Employee Retirement System, municipal pensions covered in the Municipal Employee Pension System and locally-administered plans, and retiree health care (OPEB). The report suggests strategies to curb future costs to taxpayers while providing appropriate benefits to the state’s and municipal workforces. State and local …

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Summary of FY 2009 and FY 2010 Budget Articles for Local Government and School Districts

Budget, Education, Funding, Municipal Finance, State Finance / By

This report identifies the budget articles that affect municipal government and local school districts and analyzes the potential impact on local government. The full report is available here. Over the last several years, both State and local governments have come under pressure to restructure government. The pressure has increased dramatically with the coming of the recession.  …

Summary of FY 2009 and FY 2010 Budget Articles for Local Government and School Districts Read More »

Municipal Government Expenditures, FY 2004 – FY 2009

Budget, Education, Expenditures, Funding, Municipal Finance, Revenues, State Finance / By

In FY 2009, local governments budgeted $3,189.1 million to support education and municipal services, including police, fire and public works.  Since FY 2004, the increase in local government expenditures has outpaced the growth in the State general fund budget, CPI and personal income in almost every year.  The majority of this expenditure growth has been …

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Local Government Pension Report 2009

Budget, Business Climate, Economic development, Economic Indicators, Education, Elementary and Secondary Education, Municipal Finance, Pensions/OPEB, State Finance / By

On May 4, 2009, RIPEC released its analysis of local government’s pension system including pensions administered by the State of Rhode Island‘s Municipal Employees’ Retirement System (MERS) and locally-administered plans that are not in MERS. Currently, the State of Rhode Island administers the Municipal Employees Retirement System (MERS) for approximately 110 municipal pension plans for …

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How Rhode Island Expenditures Compare, 2008 Edition

Budget, Child Care, Education, Expenditures, Funding, Human services, Medicaid, Municipal Finance, State Finance, TANF / By

RIPEC’s publication How Rhode Island’s State and Local Expenditures Compare – 2008 Edition compares Rhode Island’s expenditures – per $1,000 of personal income and per capita – with those of the other 49 states and the United States average. This year’s report includes data for both fiscal years 2006 and 1996, based on the United …

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Proposed Changes to the Revaluation Cycle in Rhode Island, 2008

Municipal Finance, State Finance, Taxation / By

There are various legislative proposals during this session of the General Assembly to modify the current schedules for both comprehensive revaluations and statistical updates. However, RIPEC believes that decreasing the frequency of property revaluations could result in less equity within and among jurisdictions; reduce the accuracy and reliability of data used to calculate and distribute …

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RIPEC is a nonpartisan and nonprofit public policy research organization dedicated to providing objective research and analysis that addresses the critical challenges surrounding public finance and economic opportunity in Rhode Island.
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