The Rhode Island General Assembly is passing a state budget for the 2023 fiscal year to the governor's office. The budget, totaling thirteen-point-six-billion dollars, spends the remaining funds from Rhode Island's portion of the American Rescue Plan Act on a variety of projects, according to a State House press release.
“Our priorities have been to ensure a budget that takes care of Rhode Islanders today and into the future. The immediate benefits of this budget include targeted economic relief like the child tax credit, the early elimination of the automobile excise tax, property tax relief for seniors and the disabled, income tax breaks for veterans and retirees. In the long term, we are setting the stage for a robust blue economy in our state, changing the trajectory for health care through reimbursement rates that will better sustain our workforce and rebalancing the health care system, and investing in our school infrastructure, higher education facilities and our information technology capital" said Senate Finance Committee Chairman Ryan W. Pearson (D-Dist. 19, Cumberland, Lincoln).
Governor Dan McKee plans to sign the budget on Monday.
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