MENU

RHODE ISLAND

Rhode Island

  • In The News
  • Background
  • Issues
  • Solutions
  • Pensions
  • Commentary
    • Headlines

      Lawmakers Jockey Over Budget Surpluses

      Stateline | by Elaine S. Povich | April 22, 2014

      According to NASBO, Kentucky and many other states have put the emphasis on restoring funding to education this year. A still incomplete survey of states showed that the vast majority are increasing elementary and secondary education funding, along with transportation and infrastructure.

    • Headlines : Rhode Island

      Raimondo: Losing pension case would be catastrophe

      Boston.com | April 15, 2014

      General Treasurer Gina Raimondo said Monday that it would be catastrophic for Rhode Island to lose the legal challenge over the state's pension overhaul but that she has a ‘‘high degree of confidence'' that won't happen.

    • Headlines

      Pace of pension reform ebbs after 49 states change laws

      Hazel Bradford | by Pensions & Investments | April 15, 2014

      While the sense of urgency has diminished, reform attempts have become a legislative staple, as public retirement systems continue to grapple with unfunded liabilities and political pressure to change.

    • Headlines

      State government dependence on federal funding growing at alarming rate

      The Washington Examiner | by David Freddoso | April 15, 2014

      Only 11 states depended on the federal government for more than one-third of their total revenues in 2001. By 2012, 24 states found themselves in this situation. SBS partnered with the Washington Examiner partnered to expose this trend of increased state dependency.

    • Headlines

      Rich States, Poor States

      ALEC | by Arthur B. Laffer, Stephen Moore and Jonathan Williams | April 15, 2014

      Using years of economic data and empirical evidence from each state, the authors identify which policies can lead a state to economic prosperity. Rich States, Poor States not only identifies these policies but also makes sound research-based conclusions about which states are poised to achieve greater economic prosperity and those that are stuck on the path to a lackluster economy.

    • Budget timeline: Annual

      Fiscal Year starts: July 1

      The current state budget can be found here.

      Find the legislative session calendar here.

      Find the current legislative leaders here.

      RI Gov Chafee

      Gov. Lincoln Chafee
      State House
      Providence, RI 02903-1196
      Phone: (401) 222-2080
      Fax: (401) 273-5729
      http://www.governor.state.ri.us/

       

       

       

       

      Thomas Mullaney
      State Budget Officer
      Department of Administration, Budget Office
      One Capitol Hill-4th Floor
      Providence, RI 02908
      Phone (401) 222-6300
      Fax (401) 222-6410
      http://www.budget.state.ri.us

       

      Want a more robust, long-term look at your state's fiscal health, beyond the budget? There are two parts: Click here for the FY2012 Comprehensive Annual Financial Report compiled by the state government, and click here for information on the state's pension liabilities

       

      Rhode Island is required to pass a "balanced budget." Section 35-3-13 of the State law mandates that no action on the part of the legislature shall be taken which will cause an excess of appropriations for revenue expenditures over estimated revenue receipts. Section 35-3-16 then requires the governor to maintain a balanced budget when actual revenue receipts will not equal actual expenditures. Rhode Island law forbids the carrying over of a deficit from one year to the next.
      To facilitate fiscal discipline, Rhode Island law permits appropriations only up to 98% of estimated revenues. In addition, expenditures can only grow by 5.5% from year to year.

       

      The State maintains three major governmental funds: the General Fund, the Intermodal Surface Transportation Fund, and the Grant Anticipated Revenue Vehicle Fund. Nine (8 for FY2005, FY2006) non-major governmental funds are also maintained. Of the three major funds, the following two are budgeted: the General Fund and Intermodal Surface Transportation Fund. Also budgeted is the Rhode Island Temporary Disability Insurance Fund (a non-major Special Revenue fund). Few governmental funds are actually budgeted, but most of the major funds are budgeted which in turn leads to relatively similar budgeted and actual figures (expenditures and revenues). [from the Institute for Truth in Accounting]

       

      Find the state's bond ratings here.

       

      RIFCP logo image

    • K-12 Education :

    • HEADLINES

      Lawmakers Jockey Over Budget Surpluses

      Stateline | by Elaine S. Povich | April 22, 2014

      According to NASBO, Kentucky and many other states have put the emphasis on restoring funding to education this year. A still incomplete survey of states showed that the vast majority are increasing elementary and secondary education funding, along with transportation and infrastructure.

    • HEADLINES

      Common-Core Tensions Cause Union Heartburn

      Education Week | by Andrew Ujifusa and Stephen Sawchuk | February 20, 2014

      From the early days of the Common Core State Standards, the two national teachers' unions have been among the initiative's biggest boosters, helping to make the case to the nation's 3.5 million teachers for the tougher expectations and putting significant money into the development of aligned curricula and tools.

      But in some union quarters, that support is starting to waver—the product of flawed implementation in states, concerns about the fast timeline for new testing tied to the standards, and, in at least one instance, fallout from internal state-union politics.

    • View All Rhode Island articles
    • Unions :

    • HEADLINES: Rhode Island

      RI pension case will go forward in court; mediation fails

      The Providence Journal | by Randal Edgar | April 11, 2014

      In a joint statement, Governor Chafee and state General Treasurer Gina Raimondo said that while they there was a strong effort to reach a mediated settlement, the rejection of that settlement "by a small group of union members" means the process "has failed and the mediation process has ended."

    • HEADLINES: Rhode Island

      Rhode Island is considering options on pension deal, Chafee says

      The Boston Globe | April 10, 2014

      Governor Lincoln Chafee said Rhode Island is considering various options on how to proceed with lawsuits brought over the state's landmark pension overhaul, after a proposed deal was rejected by members of police unions.

    • View All Rhode Island articles
    • Solutions

      How Reality-Based Budgeting Can Permanently Resolve State Budget Gaps

      State Budget Solutions | by Bob Williams | November 7, 2012

      State Budget Solutions recommends that state legislators take action in 2013 to resolve the serious state financial crises by changing their focus from inputs to outcomes by redesigning budgets from the ground up based on priorities and performance.

    • Solutions

      How to Prevent Future Pension Crises

      by Cory Eucalitto | November 1, 2012

      The time for state and local governments to offer defined contribution retirement plans that protect both taxpayer dollars and public employee retirement security is now.

    • Solutions

      State Lawmakerís Guide to Evaluating Medicaid Expansion Projections

      The Heritage Foundation | by Edmund F. Haislmaier and Drew Gonshorowski | October 17, 2012

      Supporters of Obamacare claim that expanding Medicaid will entail little to no cost to state governments, since the federal government will fund the vast majority of the additional costs. Indeed, some analyses project states achieving savings from adopting the expansion. However, state lawmakers should be wary of accepting such analyses at face value.

    • Solutions

      Medicaid Is BrokenóLet the States Fix It

      The Wall Street Journal | by Paul Howard and Russell Sykes | October 15, 2012

      Block-granting Medicaid is the best way to deliver better, cost-effective care to the most vulnerable Americans.

    • Solutions

      The Case for Reform: Prisons

      Right on Crime | August 1, 2012

      Prisons are supremely important, but they are also a supremely expensive government program, and thus prison systems must be held to the highest standards of accountability.

    • Rhode Island

      Raimondo: Losing pension case would be catastrophe

      Boston.com | April 15, 2014

      General Treasurer Gina Raimondo said Monday that it would be catastrophic for Rhode Island to lose the legal challenge over the state's pension overhaul but that she has a ‘‘high degree of confidence'' that won't happen.

    • Pace of pension reform ebbs after 49 states change laws

      Hazel Bradford | by Pensions & Investments | April 15, 2014

      While the sense of urgency has diminished, reform attempts have become a legislative staple, as public retirement systems continue to grapple with unfunded liabilities and political pressure to change.

    • Rhode Island

      RI pension case will go forward in court; mediation fails

      The Providence Journal | by Randal Edgar | April 11, 2014

      In a joint statement, Governor Chafee and state General Treasurer Gina Raimondo said that while they there was a strong effort to reach a mediated settlement, the rejection of that settlement "by a small group of union members" means the process "has failed and the mediation process has ended."

    • Rhode Island

      Rhode Island is considering options on pension deal, Chafee says

      The Boston Globe | April 10, 2014

      Governor Lincoln Chafee said Rhode Island is considering various options on how to proceed with lawsuits brought over the state's landmark pension overhaul, after a proposed deal was rejected by members of police unions.

    • Rhode Island

      Group of R.I. retirees file lawsuit challenging class-action pension settlement

      The Providence Journal | by Katherine Gregg | April 7, 2014

      Their fight centers on the General Assembly's cost-cutting overhaul of Rhode Island's public employee pension system in 2011: specifically, the suspension of annual cost-of-living adjustments until the retirement system is 80 percent funded.

    • Headlines

      Lawmakers Jockey Over Budget Surpluses

      Stateline | by Elaine S. Povich | April 22, 2014

      According to NASBO, Kentucky and many other states have put the emphasis on restoring funding to education this year. A still incomplete survey of states showed that the vast majority are increasing elementary and secondary education funding, along with transportation and infrastructure.

    • HEADLINES

      Lawmakers Jockey Over Budget Surpluses

      Stateline | by Elaine S. Povich | April 22, 2014

      According to NASBO, Kentucky and many other states have put the emphasis on restoring funding to education this year. A still incomplete survey of states showed that the vast majority are increasing elementary and secondary education funding, along with transportation and infrastructure.

    • Headlines : Rhode Island

      Raimondo: Losing pension case would be catastrophe

      Boston.com | April 15, 2014

      General Treasurer Gina Raimondo said Monday that it would be catastrophic for Rhode Island to lose the legal challenge over the state's pension overhaul but that she has a ‘‘high degree of confidence'' that won't happen.

    • Rhode Island

      Raimondo: Losing pension case would be catastrophe

      Boston.com | April 15, 2014

      General Treasurer Gina Raimondo said Monday that it would be catastrophic for Rhode Island to lose the legal challenge over the state's pension overhaul but that she has a ‘‘high degree of confidence'' that won't happen.

    • Headlines

      Pace of pension reform ebbs after 49 states change laws

      Hazel Bradford | by Pensions & Investments | April 15, 2014

      While the sense of urgency has diminished, reform attempts have become a legislative staple, as public retirement systems continue to grapple with unfunded liabilities and political pressure to change.

    • Pace of pension reform ebbs after 49 states change laws

      Hazel Bradford | by Pensions & Investments | April 15, 2014

      While the sense of urgency has diminished, reform attempts have become a legislative staple, as public retirement systems continue to grapple with unfunded liabilities and political pressure to change.

    • Headlines

      State government dependence on federal funding growing at alarming rate

      The Washington Examiner | by David Freddoso | April 15, 2014

      Only 11 states depended on the federal government for more than one-third of their total revenues in 2001. By 2012, 24 states found themselves in this situation. SBS partnered with the Washington Examiner partnered to expose this trend of increased state dependency.

    • Headlines

      Rich States, Poor States

      ALEC | by Arthur B. Laffer, Stephen Moore and Jonathan Williams | April 15, 2014

      Using years of economic data and empirical evidence from each state, the authors identify which policies can lead a state to economic prosperity. Rich States, Poor States not only identifies these policies but also makes sound research-based conclusions about which states are poised to achieve greater economic prosperity and those that are stuck on the path to a lackluster economy.

    • Headlines : Rhode Island

      RI pension case will go forward in court; mediation fails

      The Providence Journal | by Randal Edgar | April 11, 2014

      In a joint statement, Governor Chafee and state General Treasurer Gina Raimondo said that while they there was a strong effort to reach a mediated settlement, the rejection of that settlement "by a small group of union members" means the process "has failed and the mediation process has ended."

    • HEADLINES: Rhode Island

      RI pension case will go forward in court; mediation fails

      The Providence Journal | by Randal Edgar | April 11, 2014

      In a joint statement, Governor Chafee and state General Treasurer Gina Raimondo said that while they there was a strong effort to reach a mediated settlement, the rejection of that settlement "by a small group of union members" means the process "has failed and the mediation process has ended."