Governor signs $8.67 billion state budget for fiscal 2016
By News Staff
The Associated Press
news@abc6.com
Raimondo signed the spending plan into law at the statehouse Tuesday. House Speaker Nicholas Mattiello and Senate President Teresa Paiva Weed attended.
They praised the collaborative effort to move the state forward. The 2016 fiscal year begins Wednesday.
The budget includes Raimondo’s new initiatives and tax credits to spur job growth and Mattiello’s top priority of exempting Social Security from the state income tax.
It includes funding for Paiva Weed’s longstanding priority of offering full-day kindergarten in every community.
The budget eliminates the sales tax on energy for commercial users and lowers the annual minimum corporate tax.
The legislative session ended abruptly last week with the fate of dozens of bills still undecided.
© The Associated Press/WLNE-TV 2015
