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RI KPI Briefing: Strong Growth in Jobs and Labor Force Participation in Q1 2024

PROVIDENCE, RI – Rhode Island’s economy experienced positive results across most key economic indicators in Q1 2024, according to the Rhode Island Key Performance Indicators (KPI) Briefing, released today. Prepared by The Center for Global and Regional Economic Studies at Bryant University and the Rhode Island Public Expenditure Council (RIPEC), the Briefing shows that the ...

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 ...

RIPEC Analyzes Rhode Island’s Business Tax Climate

PROVIDENCE, R.I. – The Rhode Island Public Expenditure Council released today its analysis of Rhode Island’s business tax climate, finding that the state has improved its standing in the Tax Foundation’s Business Tax Climate Index from 42nd to 41st but still ranks in the bottom ten states. RIPEC’s brief also assesses potential tax law changes ...

RI KPI Q4 Briefing: Positive Results Across Key Economic Indicators While Underlying Issues Remain

PROVIDENCE, RI – Rhode Island’s economy experienced positive results across most key economic indicators in Q4 2023, according to the Rhode Island Key Performance Indicators (KPI) Briefing, released today. The Briefing, completed by The Center for Global and Regional Economic Studies at Bryant University and the Rhode Island Public Expenditure Council (RIPEC), showed fourth quarter ...

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, ...

Empty Seats: Enrollment and Chronic Absenteeism in Rhode Island Schools

PROVIDENCE, RI – The Rhode Island Public Expenditure Council (RIPEC) today released a new report analyzing the linked trends of declining enrollment and increased chronic absenteeism. Using newly available data, RIPEC’s report helps explain why there are so many more empty seats in Rhode Island classrooms today than just a few years ago. RIPEC also ...

RI KPI Briefing for Q3 2023 Shows Mixed Results Across Key Metrics Even as Unemployment Reaches 35-Year Low

PROVIDENCE, RI –While Rhode Island’s unemployment rate hit its lowest point in 35 years, our local economy experienced mixed results across key economic indicators, according to the Rhode Island Key Performance Indicators (KPI) Briefing for the second quarter of 2023, released today. The Briefing, completed by The Center for Global and Regional Economic Studies at ...

Funding for Multilingual Learners in RI’s K-12 System

PROVIDENCE, RI – The Rhode Island Public Expenditure Council (RIPEC) today released a policy brief analyzing funding for multilingual learners in Rhode Island. The brief highlights three main findings: “Rhode Island is behind the curve when it comes to funding for multilingual learners,” said RIPEC President & CEO Michael DiBiase. “The dollars simply haven’t matched ...

RI Key Performance Indicators Briefing for Q2 2023 Suggests Economic Growth Has Stalled

PROVIDENCE, RI – Rhode Island’s economy experienced no GDP growth and mixed results across key economic metrics, according to the Rhode Island Key Performance Indicators (KPI) Briefing for Q2 2023, released today. The Briefing, completed by The Center for Global and Regional Economic Studies at Bryant University and the Rhode Island Public Expenditure Council (RIPEC), ...

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 ...

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 ...

KPI Briefing for Q1 2023: Rhode Island Shows Strong Employment, but Economic Expansion Has Slowed

PROVIDENCE, RI – Rhode Island’s economy improved across most key economic measures in Q1 2023, but the rate of economic expansion has slowed, according to the Rhode Island Key Performance Indicators (KPI) Briefing for the first quarter of 2023, released today. The Briefing, completed by The Center for Global and Regional Economic Studies at Bryant ...

KPI Briefing: Rhode Island Economic Growth Stalls in Q4, Continues to Lag Region and Nation

PROVIDENCE, RI – Rhode Island’s economy continues to lag the New England region and the United States in several indicators of economic growth according to the Rhode Island Key Performance Indicators (KPI) Briefing for the fourth quarter of 2022, released today. The briefing, completed by The Center for Global and Regional Economic Studies at Bryant ...

Rhode Island Falls to the Bottom Ten States in Business Tax Climate Index

PROVIDENCE, RI – An analysis of the Tax Foundation’s 2023 Business Tax Climate Index (the Index) by the Rhode Island Public Expenditure Council shows Rhode Island entered the bottom ten states for business tax competitiveness for the first time since 2015, ranking 42nd highest (ninth worst) in the nation.  The Index annually demonstrates how competitive ...

RIPEC Releases “How Cities and Towns Spend Their Money” Report

PROVIDENCE, R.I. – The Rhode Island Public Expenditure Council (RIPEC) released their report “Municipal Services in Rhode Island: How Cities and Towns Spend Their Money” today. The fourth in a series on municipal finance, the report analyzes how municipalities allocate resources across non-education services, such as public safety, public works, and administration, and offers policy recommendations ...

KPI Briefing Shows Rhode Island’s Economy Continues to Improve, But Employment Growth Slows in Q3

PROVIDENCE, RI – Rhode Island’s economy improved across most major indicators in the third quarter of 2022, but employment growth slowed, according to the Rhode Island Key Performance Indicators (KPI) Briefing, released today by the Center for Global and Regional Economic Studies at Bryant University and the Rhode Island Public Expenditure Council (RIPEC). “Rhode Island’s ...

RIPEC Releases Road Map for Education Reform in Rhode Island

Providence, R.I. – The Rhode Island Public Expenditure Council (RIPEC) today released a report on the state of K-12 education in Rhode Island and recommendations to improve the education system. Through its in-depth historical and analytic study of the state’s K-12 system, RIPEC found that Rhode Island’s education system is in a state of crisis ...

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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