RI House Passes Budget With 'Taylor Swift Tax' and Higher Real Estate Conveyance Fees - Newport Buzz
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4 Articles
RI House Passes Budget With 'Taylor Swift Tax' and Higher Real Estate Conveyance Fees - Newport Buzz
Newport Buzz RI House Passes Budget With ‘Taylor Swift Tax’ and Higher Real Estate Conveyance Fees The Rhode Island House of Representatives approved the state’s $13.9 billion budget Tuesday by a vote of 66 to 9, advancing a plan that includes two major real estate tax changes aimed at addressing the state’s ongoing housing crisis. The budget includes a new surcharge on second homes valued over $1 million—unofficially dubbed the “Taylor Swift Ta…
In record time, Rhode Island House approves $14.3B spending plan
House Finance Chairman Marvin Abney and House Fiscal Advisor Sharon Reynolds Ferland listen during the fiscal 2026 budget debate at the State House on Tuesday, June 17, 2025. (Photo by Alexander Castro/Rhode Island Current)There’s no spare money to argue over. Hence, why the Rhode Island House of Representatives approved a $14.3 billion fiscal 2026 budget in record time. The 66-9 vote came after three hours Tuesday — the speediest budget debate …
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