McKee Proposes New Taxes on Millionaires, Expanded Relief for Families in FY 2027 Budget

McKee Proposes New Taxes on Millionaires, Expanded Relief for Families in FY 2027 Budget

Newport Buzz McKee Proposes New Taxes on Millionaires, Expanded Relief for Families in FY 2027 Budget PROVIDENCE, R.I. — Gov. Dan McKee on Thursday rolled out his proposed fiscal year 2027 budget, pitching it as an “Affordability for All” plan aimed at easing the rising cost of living, protecting vulnerable Rhode Islanders from federal safety-net cuts under President Donald Trump, and continuing major investments to support jobs and economic gro…

Under a federal buzzsaw, McKee pitches affordability in nearly $15 billion budget • Rhode Island Current

State Budget Officer Joseph Codega Jr. flips through a binder of budget materials during a fiscal year 2027 budget briefing at the Department of Administration’s Powers Building in Providence on Jan. 15, 2026. (Photo by Alexander Castro/Rhode Island Current)Helping Rhode Islanders afford health insurance, home energy bills and child care is an expensive proposition: nearly $15 billion in fiscal 2027 under Gov. Dan McKee’s budget proposal. The $1…

Millionaire tax proposal in Rhode Island gets governor's support

Rhode Island Governor Dan McKee has proposed a higher tax on millionaires to help fill a hole in the state's budget and offset cuts to other levies that would benefit lower-income residents.