Rhode Island Public Expenditure Council

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Rhode Island Public Expenditure Council

State Finance

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

Education, State Finance / By

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

Budget, Business Climate, Expenditures, Human services, Revenues, State Finance, Tax Policy, Taxation / By

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 …

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

Rhode Island’s FY 2023 Enacted Budget and Fiscal Outlook

Budget, Business Climate, Expenditures, Human services, Revenues, State Finance, Tax Policy, Taxation / By

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

Budget, Expenditures, Revenues, State Finance, Tax Policy, Taxation / By

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

Municipal Finance, State Finance, Tax Policy / By

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

Budget, Expenditures, Revenues, State Finance, Tax Policy / By

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 …

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

How Rhode Island Compares

Expenditures, Municipal Finance, Revenues, State Finance, Tax Policy, Taxation / By

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

All, Budget, Child Care, Economic development, Education, Expenditures, Higher Education, Housing, Human services, Revenues, State Finance, Tax Policy / By

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

All, Budget, Expenditures, Revenues, State Finance, Taxation / By

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 …

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

Rhode Island Ranks 37th in 2021 Business Tax Climate Index

All, State Finance, Tax Policy, Taxation / By

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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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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