RI House to vote on $8.2 billion budget - ABC6 - Providence, RI and New Bedford, MA News, Weather

RI House to vote on $8.2 billion budget

Posted: Updated:

Dee DeQuattro

ddequattro@abc6.com

The Rhode Island House of Representatives will discuss and vote on an $8.2 billion dollar budget deal on Tuesday.

The bill passed the House Finance Committee last week and now will head to the floor where the 75 member body will get their say.

What's in the bill?

  • $30 million dollars toward education spending in Rhode Island City and towns.
  • $25 Million to start making good on "moral obligation bonds" borrowed to fund the failed 38 Studios. This is one of the most controversial issues. A number of lawmakers don't want to state to pay the bonds and have been outspoken on the issue, including the 6 member GOP Caucus.
  • Historical tax credits, at least $5 million of which could go to Providence's Superman building.
  • A temporary suspension of the liquor tax, on liquors and wine, not beer.

What's not in the bill?

  • The House Finance Committee removed a portion of the budget that decreased the corporate tax rate.
  • A repeal of the pets services tax and the taxi tax
  • New taxes- the new budget is void of any tax increases.
  • Tuition hikes- there will be no tuition hike at the states public schools

The meeting begins at 2 p.m.

(C) WLNE-TV 2013

Powered by WorldNow

10 Orms Street Providence, R.I. 02904
401-453-8000

All content © Copyright 2000 - 2014 WorldNow and WLNE.
All Rights Reserved.

For more information on this site, please read our Privacy Policy and Terms of Service.