McKee proposes $14B state budget that closes deficit with spending cuts, tax changes

14 things to know about McKee’s proposed $14.2B FY 2026 budget • Rhode Island Current

State Budget Officer Joseph Codega Jr. holds a copy of Gov. Dan McKee's proposed fiscal 2026 state budget binder at a press briefing at the Department of Administration Thursday, Jan. 16, 2025. (Photo by Alexander Castro/Rhode Island Current)You wouldn’t know the state is eyeing a nine-digit deficit for the fiscal year that starts July 1 judging by the size of Gov. Dan McKee’s spending plan. The proposed $14.2 billion fiscal 2026 budget unveiled…

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…

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…

McKee proposes $14.2B budget for 2025-26 - TPR: The Public's Radio

Rhode Island Gov. Dan McKee’s latest $14.2 billion budget proposal adds about a quarter-billion dollars from the current spending plan, reflecting the challenge of fueling the government in a state where expenditures continue to outpace revenue. McKee said his budget, which he unveiled Thursday, would close an approximately $250 million deficit without any broad-based tax […] The post McKee proposes $14.2B budget for 2025-26 appeared first on TP…