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RIPEC’s Michael DiBiase on RI’s tougher budget climate – and the fallout for schools, housing, healthcare and transportation
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The gravy train is over. That sums up how Rhode Island’s fiscal landscape is in transition. In recent years, a gusher of federal COVID aid fueled consecutive budget surpluses. Now, however, the state is returning to a time of bigger disparities between needs and available money. Governor Dan McKee yesterday unveiled his budget proposal for the fiscal year starting July first. The General Assembly will now spend months reviewing the governor’s plans and incorporating its own changes. Among those closely following the process are the business-backed fiscal watchdog group, the Rhode Island Public Expenditure Council, and RIPEC President and CEO Michael DiBiase.
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