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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 …
RI KPI Briefing for Q2 2022: Rhode Island Experiences Employment Gains but Still Lags Nation in Recovery of Jobs Lost During Pandemic
PROVIDENCE, RI – Rhode Island’s job market has improved, with four major industry sectors having regained all jobs lost during the pandemic, according to the Rhode Island Key Performance Indicators (KPI) Briefing for the second quarter of 2022, released today by the Center for Global and Regional Economic Studies at Bryant University and the Rhode …
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 …
