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 …
Rhode Island’s FY 2023 Enacted Budget and Fiscal Outlook Read More »
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 …
The Governor’s FY 2023 Budget and the State’s Fiscal Outlook Read More »
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 …
PROVIDENCE, R.I. – Rhode Island struggles with large imbalances in property wealth, as well as striking differences among the tax burdens of resident homeowners, nonresident homeowners, and businesses, according to a report released today by the Rhode Island Public Expenditure Council (RIPEC). The report, “A System Out of Balance: Property Taxation Across Rhode Island,” found …
A System Out of Balance: Property Taxation Across Rhode Island Read More »
PROVIDENCE, R.I. – An analysis of the Tax Foundation’s 2022 Business Tax Climate Index by the Rhode Island Public Expenditure Council shows Rhode Island ranks 40th in the nation, down two spots from 2021. RIPEC’s analysis further found that Rhode Island was on a generally positive trajectory between 2014 and 2019, but in the last …
Rhode Island Ranks 40th in Tax Foundation 2022 Business Tax Climate Index Read More »
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 »
PROVIDENCE, R.I. – The Rhode Island Public Expenditure Council released today “An Introduction to Municipal Finance in Rhode Island.” The first of a series, in this report RIPEC establishes a foundational overview of the structures of municipal finance in Rhode Island to serve as a backdrop for a more in-depth investigation into subject areas affecting …
An Introduction to Municipal Finance in Rhode Island Read More »
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 …
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 …
RIPEC Supports Borrowing for State Bond Referenda Read More »
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 …
Rhode Island Ranks 37th in 2021 Business Tax Climate Index Read More »
