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 …

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 …

2016 Legislative Highlights

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The general assembly enacted a budget for the 2017 fiscal year (July 1, 2016 – June 30, 2017) of $8.94 billion dollars. This includes $3.7 billion in general revenue funds, $3 billion in federal funds, $2 billion in “other” funds (such as the Unemployment Insurance Fund and the TDI fund) and $257 million in restricted receipts. Policymakers made modest investments …

Budget Highlights: FY2017 Budget

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Governor Raimondo released her FY17 budget in February. We have highlighted several areas that are important to the fiscal health of the state and its residents. Common Sense Boosts for Rhode Island Working Families One of the core principles of the Governor’s 2017 budget proposal is “opportunity for all”. Helping hard-working families get ahead by supporting an increase in the minimum …

2015 Legislative Outcomes

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 July 07, 2015 This year the Institute informed and influenced the debate on a host of policy issues related to tax policy, child care, and health care. Here is a summary of several policy changes that will have an impact on the fiscal health of Rhode Island and its residents.  Click here to download the document. Earned Income Tax Credit …

Highlights from Governor Raimondo’s FY16 Budget

Governor Raimondo released her first budget last week. We have highlighted five areas that are important to the fiscal health of the state and its residents. Making work pay The Governor proposes to expand the state’s Earned Income Tax Credit which would allow working families to keep more of their paycheck. And while not a budget item, the Governor supports …

Policy Outcomes 2014

The Institute informed and influenced the debate on a host of policy issues related to affordable child care, workforce development, and tax policy. This brief summary highlights several policy changes that will have an impact on the fiscal health of Rhode Island and its residents. Child care expansions extended Two important expansions made to the Child Care Assistance Program last …

Outcomes of 2013 Legislative Session

The Institute engaged in research, public education, and advocacy to influence a host of policy changes that will impact the economic well-being of low- and modest-income Rhode Islanders and the fiscal health of our state including: Child care assistance was expanded so that families can climb the job ladder Adults without children will be eligible for health insurance through Medicaid Many …

Response to Governor Chafee’s Proposed Budget for Fiscal Year 2014

The Governor’s proposed budget outlines several important policy priorities for the coming year. It includes new investments in many of the areas that are critically important to moving our economy forward, including infrastructure, education and workforce development. Unfortunately, the proposal fails to make meaningful improvements and investments in programs that address the needs of lower-income Rhode Islanders including housing, child …

Rhode Island’s State Budget Process

Have you ever wanted to weigh in on the state budget, but didn’t know how or when? Would you like to train your community members, clients or constituents how to have a say in the state’s spending plan? Our new online presentation gives you the basics about how Rhode Island’s state budget is developed, with tips on how and when …