POVERTY, INCOME UNCHANGED LAST YEAR IN RHODE ISLAND (Sept 19, 2013): Poverty rates and median household income in Rhode Island remained relatively unchanged in 2012 at 13.7% and $54,554 respectively, according to the latest figures released by the Census Bureau’s American Community Survey (ACS). Analysis of ACS data for 2012 illustrates the ongoing struggle of Rhode Island residents in the wake of the recession.
125,000 RHODE ISLANDERS UNDER AGE 65 LACKED HEALTH INSURANCE IN 2012 (Sept 17, 2013): According to data from the 2012 Current Population Survey, the number of uninsured non-elderly individuals living in The Ocean State has not changed significantly since the previous collection period. Rhode Island claims the highest share of uninsured in New England, the 15th lowest rate in the country.
AS LABOR DAY APPROACHES, NEW REPORT PROVIDES EVIDENCE THAT
INVESTING IN EDUCATION WILL BUILD A STRONGER RHODE ISLAND ECONOMY (Aug
19, 2013): A new paper published by the Economic Policy Institute entitled, "A Well Educated Workforce is Key to State Prosperity," highlights the correlation
between educational attainment and higher wages. As states like Rhode
Island shift from an industrial- to knowledge-based economy, investments
to empower a well-educated and productive workforce are critical.
RESPONSE TO THE STATE'S 2013 TAX CREDIT AND INCENTIVE REPORT (Aug 16, 2013): The Institute responds to the Annual report shows that Rhode Island gave up close to $18M in revenueto five economic development tax credits last year. Thanks to a newlaw, in the future Rhode Islanders will know whether these and other taxcredits are cost-effective economic development strategies.
RHODE ISLAND MILITARY FAMILIES RELY ON WORKING FAMILY TAX CREDITS: The Institute co-released "Working-Family Tax Credits Help Over 1 Million Military Families: Credits Keep More Than 140,000 Veteran and Active-Duty Families Out of Poverty". This report shows that roughly 3,000 military families in RI received these credits.
ECONOMIC DEVELOPMENT TAX INCENTIVES EVALUATION ACT PASSES SENATE, MOVES TO HOUSE (June 14, 2013): Chairman DaPonte sponsored a bill requiring a host of tax expenditures related to economic development be evaluated every three years to assess whether the state is using it's resources in the most effective way possible.
COLLEGE TUITION HIKES IN RHODE ISLAND AMONG WORST IN COUNTRY, NEW REPORT SHOWS (March 13, 2013): Governor Chafee's proposal to increase state spending on higher education b y $6 million and freeze tuition is critical to Rhode Island students, families and the economy - given findings from a new report by the Center on Budget and Policy Priorities in Washington, D.C.
POOREST HOUSEHOLDS PAY ALMOST TWICE AS MUCH IN TAXES AS SHARE OF INCOME THAN THE WEALTHIEST HOUSEHOLDS (January 30, 2013)
: The Institute co-released "Who Pays?" with the Institute on Taxation and Economic Policy. The study analyzes the fairness of state tax systems, and found Rhode Island is among the ten states that taxes the poor the most heavily.
HIGH COST OF LIVING MAKES WORK SUPPORTS CRUCIAL FOR RHODE ISLAND FAMILIES (November 15, 2012)
: The Institute releases its biennial report showing what is costs to live and raise a family in the Ocean State, and how tax credits, food assistance and child care and health care subsidies help close the gap between earnings and expenses.
The ECONOMIC PROGRESS INSTITUTE ADDS SIX NEW BOARD MEMBERS (September 24, 2012): The Institute welcomes six new outstanding individuals to its board of directors.
NUMBER OF RHODE ISLANDERS IN POVERTY REMAINS HIGH (September 20, 2012): The Institute provides data from the 2011 American Community Survey that shows poverty is still high in Rhode Island, and deep poverty is rising.
120,500 RHODE ISLANDERS UNDER 65 LACK HEALTH INSURANCE (September 12, 2012). The Institute describes census data that shows the number of Rhode Islanders without health insurance remains unchanged, as national number declines. Share of state residents without insurance is worst in New England.