Fiscal Priorities of RI
Rhode Island’s $8.1 billion state budget for fiscal year 2013 became law on June 15, 2012. Education aid given to community, charter, and state schools will be increased by $33 million from fiscal year 2012 to $878.9 million in fiscal year 2013. The 2013 budget includes several key differences from the budget plan originally proposed by Governor Lincoln Chafee. The RI General Assembly rejected several cuts to funding human services (approximately 40% of the total budget). The new budget is also absent of a 2% increase to the meal tax previously proposed by the governor’s plan. Additionally, the budget bill includes $209 million in bond questions awaiting the November ballot. Such bonds in question pertain to college classroom technology, assisted living facilities for veterans, affordable housing development, and water purification.