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Rhode Island’s Funding Formula After Ten Years: Education Finance in the Ocean State

PROVIDENCE, RI – The Rhode Island Public Expenditure Council released a report on Rhode Island’s education finance system today. The report, the third in RIPEC’s series on municipal finance, found that the overhaul of the state’s education finance system a decade ago has been successful in increasing the state’s share of overall education revenues and …

RI KPI Briefing for Q1 2022: RI’s Economy Continues to Recover From Pandemic, but More Slowly Than U.S., New England

PROVIDENCE, RI – Rhode Island’s economic outlook improved in several key measures in the first quarter of 2022 but challenges persist, according to the Rhode Island Key Performance Indicators Briefing, released today by the Center for Global and Regional Economic Studies at Bryant University and the Rhode Island Public Expenditure Council (RIPEC). “We are continuing …

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 …

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 …

Rhode Island Key Performance Indicator Briefing for Q4 2021: RI’s Post-Pandemic Economy Grows but Still Lags the Nation in Recovering Jobs

PROVIDENCE, RI – Rhode Island’s economic outlook improved across several key measures in the fourth quarter of 2021, but the state continued to lag the nation in its economic recovery, according to the Rhode Island Key Performance Indicator Briefing for Q4, published today by the Center for Global and Regional Economic Studies at Bryant University …

A System Out of Balance: Property Taxation Across Rhode Island

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 …

Rhode Island Ranks 40th in Tax Foundation 2022 Business Tax Climate Index

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 …

RIPEC & Bryant University’s Center For Global and Regional Economic Studies Release New Key Performance Indicators Quarterly Briefing

PROVIDENCE, RI – Rhode Island continued to build back its economy during the third quarter of 2021, according to the Rhode Island Key Performance Indicators Quarterly Briefing, published today by the Center for Global and Regional Economic Studies at Bryant University and the Rhode Island Public Expenditure Council (RIPEC). The data show encouraging trends in …

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 …

An Analysis of Charter Public Schools in Rhode Island

PROVIDENCE, R.I. – The Rhode Island Public Expenditure Council (RIPEC) released “An Analysis of Charter Public Schools in Rhode Island,” a look at the key issues surrounding charter public schools in the state, today. The report outlines charters’ history and legal framework; school, enrollment, and demographic data; financial structures; and student outcomes. Following its analysis, …

Q1 2021 CEI Briefing Shows Improved but Lagging Economy in Rhode Island

PROVIDENCE, RI – Rhode Island’s economy is on an upswing but trails the region and nation in terms of growth, according to the Rhode Island Current Economic Indicator Briefing for the first quarter of 2021, published today by the Center for Global and Regional Economic Studies at Bryant University and the Rhode Island Public Expenditure …

An Introduction to Municipal Finance in Rhode Island

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 …

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 …

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 …

Q4 2020 Current Economic Indicator Briefing Indicates Lengthy Economic Downturn

PROVIDENCE, RI – Rhode Island is in the midst of a protracted economic downturn, according to the Rhode Island Current Economic Indicator Briefing for the fourth quarter of 2020, published today by the Center for Global and Regional Economic Studies at Bryant University and the Rhode Island Public Expenditure Council. Economic data for Q4 2020 …

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

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 Ranks 37th in 2021 Business Tax Climate Index

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 …

Q3 2020 CEI Shows Partial Recovery, Constrained Economic Activity

PROVIDENCE, RI – While economic activity in Rhode Island grew in the third quarter of 2020 and the state recovered a significant number of jobs as compared to the second quarter of 2020, economic activity continues to be severely constrained. These projections were released today in the Rhode Island Current Economic Indicator Briefing, published jointly by …

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