RI Budget Proposal To Be Unveiled Next Week
PROVIDENCE, R.I. (AP) – Rhode Island lawmakers say they'll introduce a new state budget proposal next week.
Time is running out for lawmakers to adopt a new spending plan before the next fiscal year begins July 1.
Gov. Lincoln Chafee, an independent, proposed a $7.66 billion budget in March that included a lower but broader sales tax. Lawmakers balked at the breadth of Chafee's tax expansion, and have been working on a revised proposal ever since.
Lawmakers are looking for ways to eliminate an estimated $331 million budget deficit without sharp cuts to services or significant tax increases.
The new proposal is expected to be unveiled next Friday before the House Finance Committee. If the committee endorses the spending plan it could go before the full House a week later.
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