State Finance

The Governor’s FY 2025 Budget Proposal: A Transitional Budget as the State Faces More Constrained Revenues

PROVIDENCE, R.I. – The Rhode Island Public Expenditure Council (RIPEC) released a report today analyzing Governor Daniel J. McKee’s proposed fiscal year (FY) 2025 budget, revisions to the FY 2024 budget, and the state’s fiscal outlook ahead of the May Revenue Estimating Conference. RIPEC found that the governor’s proposed budget represented a transitional spending plan …

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Rhode Island State Budget in Transition: Four Key Issues for FY 2025 and Beyond

Providence, R.I. – The Rhode Island Public Expenditure Council released a report today examining the state’s fiscal outlook ahead of the FY 2025 budget process. Over the past few years, Rhode Island’s state budgets have had an infusion of unprecedented revenues fueled by massive federal pandemic relief funding and record state revenue surplus dollars. However, …

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RIPEC Reports on Changes to State Education Aid in FY 2024 State Budget

Providence, R.I. – The Rhode Island Public Expenditure Council (RIPEC) released a policy brief analyzing changes to Rhode Island’s education funding formula in the fiscal year (FY) 2024 state budget today. For FY 2024, the General Assembly established an enrollment loss transition fund and poverty loss stabilization fund, and made changes to the poverty measure and …

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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’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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The Governor’s FY 2023 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 fiscal year (FY) 2023 budget, including American Rescue Plan (ARPA) expenditures, the state budget surplus, and the fiscal outlook for future budget years. The report found that total spending of $12.82 billion proposed in the governor’s …

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How Rhode Island Compares: 2022 Edition

PROVIDENCE, R.I. – The Rhode Island Public Expenditure Council released today an analysis of “How Rhode Island Compares” to the U.S. and New England on state and local revenues and expenditures, using the most recent data available from the U.S. Census Bureau (from fiscal year 2019). The report provides valuable insights for policymakers, given the …

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Rhode Island’s Budget Stabilized with Federal Funding, Jump in Estimated State Revenues

PROVIDENCE, R.I. – A new Rhode Island Public Expenditure Council (RIPEC) report released today analyzes Governor Daniel J. McKee’s fiscal year (FY) 2022 budget, revenue projections, and new federal resources. The report focuses on the extent to which the budget utilizes one-time federal funding to pay for ongoing state expenditures, analyzes the projected increases in …

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How Rhode Island Compares

PROVIDENCE, R.I. – The Rhode Island Public Expenditure Council released today an analysis of “How Rhode Island Compares” to the U.S. and New England on state and local revenues and expenditures, using the most recent data available from the U.S. Census Bureau (fiscal year 2018). In addition to comparing the Ocean State’s revenues and spending …

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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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