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  • Economic development
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How Rhode Island’s Revenues Compare – 2010 Edition

Today, July 19, 2010, RIPEC will release its annual report “How Rhode Island Revenues Compare”, which provides details on state and local government revenue sources for fiscal year 2008, the latest year for which national data are available.  The publication compares Rhode Island’s fiscal system with those of the other 49 states and the United ...

RIPEC Comments – Analysis of Proposed Funding Formulas

On Monday, May 24, RIPEC released “Comments: Analysis of Proposed Funding Formulas”. The Comments are a follow-up publication to the recently-released “Results: Education in Rhode Island” and examine the various funding formula bills that have been proposed this legislative session.  Rhode Island has not had a funding formula in place since the late 1990s and ...

Results – Education in Rhode Island 2010

On Monday, April 19, 2010, RIPEC releasd the 2010 edition of its report “Results: Education in Rhode Island”.  This report examines, in one publication, student performance in conjunction with a number of factors that have an impact on education in the Ocean State. A quality education system has broad positive effects – both for the ...

Analysis of Rhode Island’s Debt Including Pension and OPEB Obligations

The current fiscal crisis has brought about renewed attention to the credit-worthiness of states and municipalities.  While governments face significant challenges in crafting balanced budgets in the face of decreased revenues and increased needs, failure to address outstanding long-term obligations, such as debt, pension benefits, and OPEB pose significant risks to governments. Based on RIPEC’s ...

Tax Policy Analysis, 2010

As the General Assembly considers the FY 2011 budget, RIPEC notes in its most recent report that caution should be exercised when considering tax changes. At this critical juncture in the state’s fiscal and economic future, RIPEC believes it would not be advisable to create uncertainty or increased burden.  If changes are made there should ...

State and Local Government Pensions and Other Post-employment Benefits

On March 17, 2010, RIPEC will released a summary of the state’s Employee Retirement System, municipal pensions covered in the Municipal Employee Pension System and locally-administered plans, and retiree health care (OPEB). The report suggests strategies to curb future costs to taxpayers while providing appropriate benefits to the state’s and municipal workforces. State and local ...

Rhode Island’s State Pension System

On March 7, 2010, RIPEC released its analysis of the Rhode Island State Pension System. The report analyzes the current state of Rhode Island’s pension system and suggests strategies to curb future costs to taxpayers while providing appropriate benefits to the state’s workforce. State and local governments are facing financial stresses. One of the largest ...

Reductions in Local Aid Will Require Structural Change for Local Governments and School Districts

Recently, discussions have focused upon the Governor’s proposed reductions in local aid and their impact on municipalities. To put the discussion in context, RIPEC compiled estimated savings for the budget articles that the Governor proposed as offsets to cuts in local aid. Between the FY 2009 enacted budget and the FY 2011 budget as proposed ...

How Rhode Island Expenditures Compare – 2009 Edition

On Tuesday, October 13, 2009, RIPEC released “How Rhode Island’s State and Local Expenditures Compare, 2009 Edition”, a companion report to “How Rhode Island’s State and Local Revenues Compare”. The report compares Rhode Island’s expenditures – per $1,000 of personal income and per capita – with those of the other 49 states and the United ...

How Rhode Island Revenues Compare – 2009 Edition

On Monday, October 5, 2009, RIPEC released its annual report: “How Rhode Island Revenues Compare”, which provides details on state and local government revenue sources for fiscal year 2007, the latest year for which national data are available. The publication compares Rhode Island’s fiscal system with those of the other 49 states and the United ...

Preliminary Analysis of FY 2009 Year-end Statement and Out-year Projections

On Wednesday, September 23, 2009, RIPEC released its analysis of the state’s FY 2009 deficit and projections of out-year deficits. Based on a preliminary audit by the State Controller the fiscal year 2009 will close with a deficit of $61.7 million. The deficit is due to a revenue shortfall. Further exacerbating the situation are the ...

Rhode Island’s Safety Net Project

Providence, RI – The Rhode Island Public Expenditure Council (RIPEC) and United Way of Rhode Island (UWRI) are pleased to announce the release of a joint study of the Social Safety Net in Rhode Island on Thursday, August 20, 2009. This comprehensive research, the first of its kind in Rhode Island, is entitled “Social Safety ...

Aquidneck Island Consolidation Feasibility Study

RIPEC was commissioned by the Aquidneck Island Advisory Group, serving the three communities of Middletown, Newport and Portsmouth, to examine the feasibility of school consolidation or cooperation initiatives among these communities and their respective school districts. This study was designed to provide policymakers and stakeholders with the preliminary tools with which to evaluate consolidation on ...

Summary of FY 2009 and FY 2010 Budget Articles for Local Government and School Districts

This report identifies the budget articles that affect municipal government and local school districts and analyzes the potential impact on local government. The full report is available here. Over the last several years, both State and local governments have come under pressure to restructure government. The pressure has increased dramatically with the coming of the recession.  ...

Municipal Government Expenditures, FY 2004 – FY 2009

In FY 2009, local governments budgeted $3,189.1 million to support education and municipal services, including police, fire and public works.  Since FY 2004, the increase in local government expenditures has outpaced the growth in the State general fund budget, CPI and personal income in almost every year.  The majority of this expenditure growth has been ...

Local Government Pension Report 2009

On May 4, 2009, RIPEC released its analysis of local government’s pension system including pensions administered by the State of Rhode Island‘s Municipal Employees’ Retirement System (MERS) and locally-administered plans that are not in MERS. Currently, the State of Rhode Island administers the Municipal Employees Retirement System (MERS) for approximately 110 municipal pension plans for ...

Summary of Governor’s FY 2010 Budget Request

The State of Rhode Island has, for many years, faced an annual structural budget deficit with repeated out-year projected deficits.  These deficits have inhibited the state’s ability to make strategic long-term budget decisions needed to stimulate economic growth, support a predictable basic services system and to provide funding for long-term investments. State budgets with projected ...

What the American Recovery and Reinvestment Act Means for Rhode Island

On February 17, 2009, President Barack Obama signed the American Recovery and Reinvestment Act (ARRA) into law.  This bill represents a significant infusion of federal funds into state and local governments, as well as providing direct benefits to individuals, families and businesses. These RIPEC Comments provide information on some of the initiatives contained in the ...
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