US EditionMcKee proposes $14B state budget that closes deficit with spending cuts, tax changes
4 Articles
4 Articles
McKee proposes $14B state budget that closes deficit with spending cuts, tax changes
PROVIDENCE, R.I. (WPRI) -- Gov. Dan McKee on Thursday unveiled a $14.2 billion budget bill that seeks to close the state's first deficit in years through a mix of spending cuts, new taxes and fees, and accounting changes. The biggest source of new revenue McKee wants is a 10% tax on digital advertising that would be paid by large tech companies. He also wants to increase charges on buyers of cigarettes and electric vehicles, and to levy the 5% h…
Gov. McKee releases FY 2026 budget, details plan to resolve deficit
PROVIDENCE, R.I. (WLNE) — Gov. Dan McKee released his proposed Fiscal Year 2026 budget Thursday. McKee had previously said his aim with the $14.2 billion budget was to resolve a $250 million deficit without tax increases. “Over the next five years, state revenues are expected to grow 2.5% each year thanks to our strategic investments and strong economy,” McKee said in his State of the State address. “During the same time, state spending is expec…
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