Most Rhode Islanders share a vision of what the Ocean State should strive for: great schools for our children, safe roads and bridges, vibrant communities, prosperous families, and access to quality and affordable health care, housing, and child care. The primary way we pay for these things is through our taxes.
The Economic Progress Institute’s Revenue Roundtables provide leaders and policy-makers with timely and accurate information about Rhode Island’s budget, with a focus on the revenue side of the ledger.
Like many other states, ours will continue to struggle with balancing its budget. It is critical that we have the information necessary to be informed participants in the state budget debate, to ensure that there is alignment between our collective aspirations for Rhode Island, and the resources necessary to realize that vision.
These luncheons offer brief presentations on topics such as:
- Current and projected state revenue.
- Sources of state income and how Rhode Island’s revenue structure compares to other states, especially our New England neighbors.
- Major policy proposals that could impact revenue streams.
- Tax expenditures and the costs/benefits to the state.
Unfinished Business: The FY2022 Budget and Year Ahead
September 15, 2021 - We shared via Zoom an overview of what the final FY22 budget looked like and some info on federal funds coming in from the American Rescue Plan Act. View the recording of the presentation on the right.
The FY2022 Budget, State Revenue, COVID-19 Aid, and Cannabis Legalization
May 21, 2021 - We discussed via Zoom state budget issues including some information from Revenue and Caseload Estimating Conferences, protecting and raising revenue proposal, one-time federal COVID-19 aid and the American Rescue Plan Act, and equity in Cannabis legislation. View the recording of the presentation on the right.
FY2021 Budget Summary and 2021 Legislative Proposals
January 29, 2021 - We discussed via Zoom state budget issues including what was (and wasn't) in the enacted FY21 budget and some revenue proposals we know will be part of this year's legislative session (marijuana, personal income tax, car tax). View the recording of the presentation on the right.
FY2021 Budget During COVID-19
May 28, 2020 - We discussed revenue estimates, projected deficits and options for the state FY2021 budget.
Overview of The Governor’s Proposed FY2021 Budget
February 13, 2020 - We discussed changes to Rhode Island’s revenue structure proposed in the Governor’s FY2021 budget.
Messaging about taxes, revenues, and public investment
October 8, 2019 – Joe Grady, co-founder of the Topos Partnership, presented on effective messaging about taxes, revenues, and public investment. The Topos Partnership has over ten-plus years of conducting opinion and message research on the topic with a broad cross-section of Americans, including Rhode Islanders.
Who Pays? Who Will Pay
March 28, 2019 – We will discuss taxes and tax credits in Rhode Island, namely the car tax, estate tax, Earned Income Tax Credit and personal income tax.
The Governor’s Proposed FY2020 Budget
January 31, 2019 – We will discuss changes to Rhode Island’s revenue structure proposed in the Governor’s FY2020 budget.
Making Rhode Island’s Tax Structure More Equitable and Adequate
January 30, 2018 – These briefs lays out some changes to Rhode Island’s tax structure which we hope will catalyze public discussion about the importance of aligning state resources with the needs and aspirations of Rhode Islanders as we build together towards a more prosperous future.
Exploring Options for New Revenues
September 26, 2017 – A look at alternative strategies for raising revenue to improve Rhode Island’s fiscal health.
Recap of the Session
July 11, 2017 – A final look at revenue proposals in the General Assembly budgets, those that were left on the table, and the long-term consequences for the state’s fiscal health.
Who Pays Report
April 18, 2017 – We will present findings from the Institute for Taxation and Economic Policy’s (ITEP) Who Pays? report showing how Rhode Island’s taxes are distributed across income groups and comparing Rhode Island to other states. We’ll also discuss legislative proposals that would increase or decrease state revenue.
The Governor’s Proposed FY2018 Budget
February 17, 2017 – We will discuss changes to Rhode Island’s revenue structure proposed in the Governor’s budget and legislative proposals impacting state revenue.
Tax Expenditures: Hidden government spending
December 20, 2016 – The state budget shows where tax dollars are spent, but government spending also comes in the form of “tax expenditures.” We will review three reports documenting tax expenditures: the Rhode Island Tax Expenditure Report, the Tax Credit Incentive Report, and the Tax Incentive Evaluation Report.
State Budget Overview
October 14, 2016 – We’ll look at state budget revenues and expenditure, explore federal and state funding for key human service programs and discuss state and local taxes.