Rhode Island Revenue Estimate Raised by $109 Million; Governor-Elect Says FY2027-28 Still Faces a $260 Million Deficit
Rhode Island's second and final revenue and caseload estimating conference of the year concluded on November 11 that state revenue for the current fiscal year is expected to come in $109 million higher than when the legislature passed a record $15.7 billion budget in June. Incumbent Governor Dan McKee called the figure a vindication of the state's fiscal condition, but key lawmakers and Governor-elect Helena Fox were cautious.
The House Fiscal Office estimates the state government faces a budget deficit of about $260 million in fiscal year 2027-28, and the figure is still growing. Fox said at a November 11 press conference that she will present her new fiscal year budget proposal to the legislature on February 4; the new fiscal year begins next July 1, and her budget must balance the higher revenue expectations against deficit pressure. House Speaker Christopher Blazejewski and Senate President Valerie Lawson also responded to the new estimates, stressing that the fiscal gap remains the top problem for the next legislature.
Source: Providence Journal
Published by GSM · USA (original Chinese edition)
Photo: 图：罗得岛州议会大厦（普罗维登斯）。图片来源：Wikimedia Commons，NateBergin 摄，CC BY 4.0。 Image: The Rhode Island State House in Providence. Source: Wikimedia Commons, photo by NateBergin, CC BY 4.0.
