Rhode Island state budget (2011-2012)
Note: This article was last updated in 2012. Click here for more recent information on state budgets and finances. |
The legislature approved the $7.7 billion state budget on June 29, 2011 and Gov. Lincoln Chafee signed it the following day.[1][2] The budget can accessed here.
The state had faced a $290 million deficit for fiscal year 2012 according to estimates in November 2010.[3]
The fee and tax increases in the budget were expected to generate $20 million in new revenue.[4]
Legislative proposed budget
The legislature approved the $7.7 billion state budget on June 29, 2011, with the Senate voting 30-7 for passage and the House approving it five days earlier with a vote of 60-9 in favor.[2][5]
Governor's proposed budget
The state budget office instructed agencies to submit two budget plans for fiscal year 2012: one maintaining current services and another reducing costs by 15 percent.[6]
Gov. Lincoln Chafee proposed his $7.66 billion fiscal year 2012 budget to the General Assembly on March 8, 2011. The state faced a projected $331 million budget deficit in the fiscal year beginning July 1.[7]
Footnotes
- ↑ The Boston Globe, "RI Senate passes $7.7 billion state budget," June 29, 2011
- ↑ 2.0 2.1 The Boston Globe, "RI governor signs $7.7B state budget," June 30, 2011 (dead link)
- ↑ The Providence Journal, "R.I. revenues improve; deficit still looms," November 11, 2010
- ↑ CBSNews.com, "States eye fee increases as alternative to taxes," July 23, 2011 (dead link)
- ↑ The Boston Globe, "RI Senate passes $7.7 billion state budget," June 29, 2011 (dead link)
- ↑ The Boston Globe, "State budget office orders 15 percent cuts," November 29, 2010
- ↑ Business Week, "RI Gov. Chafee wants lower, broader sales tax," March 11, 211
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