Budget Highlights: FY2018 Budget

INTRODUCTION The Governor’s FY2018 budget (“the budget”) totals $9.3 billion, an increase of $47.5 million over the revised FY2017 budget. This includes $3.8 billion in general revenue (increased by $92.3 million from revised 2017) and $3.1 billion in federal funds (a decrease of $16.3 million from revised 2017) with the balance from restricted receipts and other sources. The budget proposal …

Race, Ethnicity, and Jobs in Rhode Island

Communities & Banking, Winter 2017 Doug Hall, Economic Progress Institute Rhode Island’s minority workers were hit harder by the Great Recession than their white counterparts and historically have experienced higher rates of unemployment and lower median wages.   READ THE REPORT *Disclaimer: This Communities & Banking article is copyrighted by the Federal Reserve Bank of Boston. The views expressed are …

The Status of Working Women in Rhode Island 2017

This report examines the status of women in Rhode Island’s economy, documenting the economic challenges women continue to face and the ongoing disparities between women and men in terms of wages, earnings and poverty rates.  The report was done in partnership with The Women’s Fund of Rhode Island, representing data collected in 2015 and 2016. READ THE REPORT READ THE …

Income Inequality in Rhode Island: A Snapshot

The newly released Center on Budget and Policy Priorities report, How State Tax Policies Can Stop Increasing Inequality and Start Reducing It, shows that the concentration of income among the wealthiest residents is striking in every state. Over the last three decades, income gains in the American economy have accrued largely to the richest households, while many middle and lower-income …

More Rhode Islanders Have Health Insurance in 2015

New Census data show that the percentage of uninsured Rhode Islanders was 5.7 percent in 2015, half the rate it was in 2013, the year before the Affordable Care Act (ACA) went into effect.  In 2014, 7.4% were uninsured. Two new avenues for affordable health insurance made available through the ACA have helped significant numbers of Rhode Islanders gain coverage.  …

Rhode Island’s Estate Tax: A Vital Tool for Broadly Shared Prosperity

Rhode Island’s estate tax provides revenues vital for a strong economic foundation for shared prosperity. Eroding the estate tax by increasing the exemption level has reduced revenues needed for the services we need to improve Rhode Island’s economy today and into the future. In addition to raising revenues needed for investment in public services that build a strong economy, robust …

RI Supports for Working Families Among Lowest in New England

Rhode Islanders who work full-time should be able to afford housing, food, and health care. Yet far too many jobs pay wages that are too low for families to meet their most basic needs. Many working families would not be able to get by if not for government funded work and income supports that help close the gap between earnings and expenses. Contrary …

Increasing Rhode Island’s Minimum Wage & EITC

Policies that boost the economy; help thousands of Ocean State families The Governor’s FY17 Budget Article 13 increases the minimum wage to $10.10 next year and expands the state earned income tax credit from 12.5 percent to 15 percent of the federal credit (the Governor indicated an interest in further expanding the EITC pending available resources following the mid-year revenue forecast). …