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Unemployment Trust Fund Solvency Threatened, Rate Hikes Likely; TDI Stable but Rates Hikes Likely
PROVIDENCE, RI – A new Rhode Island Public Expenditure Council report released today finds that, because of the economic crisis resulting from the COVID-19 pandemic, Rhode Island’s unemployment insurance (UI) trust fund is projected to be insolvent by the end of September. As a result, employers are likely to pay significantly more in federal and state ...
CEI for Q1 2020, April Jobs Numbers Show Sharp Decline, Uneven Impact of Pandemic on RI Industries
PROVIDENCE, RI – Today, the Center for Global and Regional Economic Studies at Bryant University and the Rhode Island Public Expenditure Council jointly released the Rhode Island Current Economic Indicator (CEI) Briefing for the first quarter of 2020. “The industry breakdown of employment losses speaks to the fact that Rhode Island has one of the ...
RI Faces Severe Budget Challenges From COVID-19 Crisis Without More Federal Aid
PROVIDENCE, R.I. (April 2020) – A new Rhode Island Public Expenditure Council report released today finds that unless more federal assistance is provided, the State of Rhode Island will likely have severe budget challenges as a result of the economic fallout connected with the COVID-19 public health emergency. The report, “The COVID-19 Economic Crisis: Federal Assistance ...
Q4 2019 Current Economic Indicator Shows Expanding Economy but Persistent Growth Gap
Providence (February 2020) – Today, the Center for Global and Regional Economic Studies at Bryant University and the Rhode Island Public Expenditure Council jointly released the Rhode Island Current Economic Indicator (CEI) Briefing for the fourth quarter of 2019. The briefing showed that the improved economic conditions and job growth seen in Rhode Island over ...
How Rhode Island Expenditures Compare: 2019 Edition
PROVIDENCE, R.I. (December 2019) – Today RIPEC released its annual report, How Rhode Island Expenditures Compare: 2019 Edition, which provides details on state and local government expenditures in fiscal year (FY) 2017, the most recent year for which national data are available. Using data released by the United States Census Bureau, the publication compares Rhode Island’s ...
How Rhode Island Revenues Compare: 2019 Edition
PROVIDENCE R.I. (December 2019) – Today RIPEC released its annual report, How Rhode Island Revenues Compare: 2019 Edition, which provides details on state and local government revenue sources from Fiscal Year (FY) 2017, the most recent year for which data are available. The publication compares Rhode Island’s fiscal system with those of the other 49 states ...
Comparative Analysis of Public Higher Education Governance
Providence (November 2019) – Today, the Rhode Island Public Expenditure Council released “Governing Higher Education: A Comparative Analysis of Public Higher Education in Rhode Island.” “Governing Higher Education” considers the structure of higher education in Rhode Island through historic and regional context. It does so on the heels of the governance reorganization that is presently ...
Q3 2019 Current Economic Indicator Shows Steady, Slow Growth
Providence (November 2019) – Today, the Center for Global and Regional Economic Studies at Bryant University and the Rhode Island Public Expenditure Council jointly released the Rhode Island Current Economic Indicator (CEI) Briefing for Q3 2019. Rhode Island GDP is projected to have expanded 1.8 percent in Q3 2019. For the first time since 2013, ...
RIPEC Releases Economy Volume in Rhode Island in Context Series
PROVIDENCE R.I. (October 2019): Today, the Rhode Island Public Expenditure Council released the third of three volumes that comprise “Rhode Island in Context: Regional and Historic Trends,” 2019 Edition. The full volume is available here. “Rhode Island in Context” provides summaries and analyses of the most current national, regional, and state data that measure the Ocean ...
RIPEC Releases Population Volume in Rhode Island in Context Series
PROVIDENCE R.I. (October 2019): Today, the Rhode Island Public Expenditure Council released the second of three volumes that comprise “Rhode Island in Context: Regional and Historic Trends,” 2019 Edition. “Rhode Island in Context” provides summaries and analyses of the most current national, regional, and state data that measure the Ocean State’s population trends, economy, and ...
RIPEC Releases Government Finance Volume in Rhode Island in Context Series
PROVIDENCE R.I. (September 2019) – Today, the Rhode Island Public Expenditure Council released the first of three volumes that comprise “Rhode Island in Context: Regional and Historic Trends,” 2019 Edition. “Volume I: Government Finance”. “Rhode Island in Context” provides summaries and analyses of the most current national, regional, and state data that measure the Ocean State’s ...
Q2 2019 Current Economic Indicator Shows Sluggish GDP Performance
Providence (August 2019) – Today, the Center for Global and Regional Economic Studies at Bryant University and the Rhode Island Public Expenditure Council jointly released the Rhode Island Current Economic Indicator (CEI) Briefing for Q2 2019. Rhode Island GDP is projected to expand 1.7 percent in Q2 2019 and 2.2 percent in Q1 2019, which ...
RIPEC Releases Analysis of 2019 Education Reform Legislation
PROVIDENCE, R.I. (August 2019) – Today, the Rhode Island Public Expenditure Council released “Reforming Structures of Education Governance: Legislative Elementary and Secondary Education Reform in Rhode Island, 2019.” This report provides context for, and details of, a package of reforms to Rhode Island’s public elementary and secondary education system that was introduced by the General ...
Current Economic Indicator Projects Slow Growth Throughout Q1 2019
Providence (May 2019) – Today, the Center for Global and Regional Economic Studies at Bryant University and the Rhode Island Public Expenditure Council (RIPEC) jointly released the Rhode Island Current Economic Indicator (CEI) Briefing for the first quarter of 2019. Revised data from the U.S. Bureau of Economic Analysis shows that Rhode Island GDP contracted ...
Q4 2018 Current Economic Indicator Shows Stagnant Economy in Rhode Island
Providence (March 2019) – Today, the Center for Global and Regional Economic Studies at Bryant University and the Rhode Island Public Expenditure Council jointly released the Rhode Island Current Economic Indicator (CEI) Briefing for the fourth quarter of 2018. The briefing projects that Rhode Island’s economy stagnated in the fourth quarter of 2018. After a ...
RIPEC Policy Brief: Adopting a State-Based Individual Shared Responsibility Payment
Today, RIPEC released a Policy Brief that considers whether adopting a state-based individual shared responsibility payment (SRP, or individual health insurance mandate penalty) is a sensible policy choice for Rhode Island. Based on a review of the theoretical arguments and empirical literature, RIPEC believes that adopting a state-based individual SRP, and dedicating those revenues to ...
RIPEC Releases Updated Comparative Analysis of Education Governance in MA and RI
PROVIDENCE (March 2019) – Today, the Rhode Island Public Expenditure Council (RIPEC) released a comparative analysis of education governance in Massachusetts and Rhode Island. This analysis is a companion to, and update of, a 2016 report which likewise observed that, despite recent education reforms, Rhode Island’s public school students perform near the national average on ...
RIPEC Policy Brief: How Rhode Island Unemployment Insurance Benefits Compare
Today, RIPEC released a Policy Brief that provides an analysis of how Rhode Island’s Unemployment Insurance benefits compare to other states nationally and within New England. The intent of this policy brief is to provide background information and context when considering legislation introduced during the 2019 Legislative Session that would increase the maximum weekly unemployment ...
