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RHODE ISLAND

Rhode Island

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    • 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.

       

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    • 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.