Michael DiBiase on Rhode Island’s FY 2023 Budget as Enacted

Commenting on the recently enacted $13.6 billion state tax and spending plan for fiscal year (FY) 2023 to the Providence Journal, RIPEC President and CEO Michael DiBiase praised the infusion of $100 million in federal American Rescue Plan Act funding into the state’s unemployment insurance trust fund. DiBiase also noted that rising inflation has helped to boost state revenues in the short term but is likely to put upward pressure on expenditures in future budget years.

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