Governor McKee is out with his 12 point 8 billion dollar budget for the next fiscal year. No broad based tax increase. The Governor says he will use a billion dollars in pandemic relief monies as part of the spending plan.
In a letter to Rhode Islanders that opens the budget document, the Governor writes: “We have a comprehensive, fiscally responsible strategy that addresses pandemic-related health needs; builds more affordable and workforce housing; ensures every young Rhode Islander reaches their full potential; assists small businesses and revives our hard-hit hospitality industry; thinks big about bolstering growing sectors such as the blue economy and biosciences; invests in our workforce to get Rhode Islanders into more resilient jobs and sets the stage to help us increase the per capita income for every family across our state.”
The budget will now go to legislature for review.
(Photo provided by Governor's Office)