Highlights of the FY2018 Budget

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OVERVIEW The 2018 budget for the fiscal year beginning July 1, 2017 was signed into law by the Governor on August 3, after the Senate and House came to agreement on the budget and a bill to monitor the impact of the phase out of the Motor Vehicle Tax. From July 1 through August 3, the state operated under the …

Trump Tax Plan Would Mostly Benefit Wealthiest Rhode Island Taxpayers

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PROVIDENCE, RI— A new analysis from the Institute on Taxation and Economic Policy reveals a federal tax reform plan based on President Trump’s April outline would fail to deliver on its promise of largely helping middle-class taxpayers, showering 61.4 percent of the total tax cut on the richest 1 percent nationwide. In Rhode Island, the top 1 percent of the …

The State of Black Families in Rhode Island

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Our latest report provides details about key economic and social indicators for Black families in the Ocean State and documents the disparities with their White counterparts. Making sure all Rhode Islanders have access to good jobs that allow them to provide for themselves and their families is vital for our state’s future. From the early days of Rhode Island’s colonization …

Access to Paid Sick Time in Rhode Island

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Approximately 34 percent of workers in Rhode Island lack paid sick time, and low-income and part-time workers are especially unlikely to be covered. Access to paid sick time promotes safe and healthy work environments by reducing the spread of illness (Kumar, et al. 2013; Drago and Miller, 2010) and workplace injuries (Asfaw, Pana-Cryan, and Rosa 2012), reduces health care costs …

Understanding Rhode Island’s Motor Vehicle Tax

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Summary of Rhode Island’s Car Tax The Motor Vehicle Tax (commonly known as the “Car Tax”) is a property tax collected by each Rhode Island municipality based on the value of each motor vehicle owned. There are three components that determine how much each individual car is taxed: valuation, tax rate and exemption. The valuation of the motor vehicle is …

Improving a Common Sense Tax Credit for Working Rhode Islanders: Increase the Rhode Island Earned Income Tax Credit

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Improving a Common Sense Tax Credit for Working Rhode Islanders: Increase the Rhode Island Earned Income Tax Credit All Rhode Islanders want to be able to support their families and live in thriving communities. Yet, far too many working Rhode Islanders are struggling to pay for housing, heat, food, and health care.  Increasing Rhode Island’s refundable Earned Income Tax Credit …

Budget Highlights: FY2018 Budget

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INTRODUCTION The Governor’s FY2018 budget (“the budget”) totals $9.3 billion, an increase of $47.5 million over the revised FY2017 budget. This includes $3.8 billion in general revenue (increased by $92.3 million from revised 2017) and $3.1 billion in federal funds (a decrease of $16.3 million from revised 2017) with the balance from restricted receipts and other sources. The budget proposal …

Race, Ethnicity, and Jobs in Rhode Island

Race, Ethnicity, and Jobs in Rhode Island

Communities & Banking, Winter 2017 Doug Hall, Economic Progress Institute Rhode Island’s minority workers were hit harder by the Great Recession than their white counterparts and historically have experienced higher rates of unemployment and lower median wages.   READ THE REPORT *Disclaimer: This Communities & Banking article is copyrighted by the Federal Reserve Bank of Boston. The views expressed are …

The Status of Working Women in Rhode Island 2017

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This report examines the status of women in Rhode Island’s economy, documenting the economic challenges women continue to face and the ongoing disparities between women and men in terms of wages, earnings and poverty rates.  The report was done in partnership with The Women’s Fund of Rhode Island, representing data collected in 2015 and 2016. READ THE REPORT READ THE …