Post by Logan on Feb 5, 2016 1:55:24 GMT -6
PROVIDENCE, R.I. — Where on earth did Governor Raimondo's budget-writers find an extra $124.8 million state dollars?
The simple answer: a million here, a million there. Pretty soon, they had enough money — on paper, at least — for a mini-surge in proposed state spending.
More specifically, the $3.67-billion state-funded portion of the budget that Raimondo proposed this week relies on a projected $118.3-million uptick in state revenue from state taxes and fees and $47.3 million in revenue-raising initiatives, including: a proposed cigarette tax hike; the scoop of millions of dollars from the "reserves" of a number of satellite agencies, such as the Rhode Island Airport Corporation; and the sale of the state car fleet.
Raimondo also makes some assumptions: if you hire more people to go after tax evaders, the state will collect more in taxes.
Read more: www.providencejournal.com/news/20160204/making-sense-of-extra-dollars-in-raimondos-budget-plan
The simple answer: a million here, a million there. Pretty soon, they had enough money — on paper, at least — for a mini-surge in proposed state spending.
More specifically, the $3.67-billion state-funded portion of the budget that Raimondo proposed this week relies on a projected $118.3-million uptick in state revenue from state taxes and fees and $47.3 million in revenue-raising initiatives, including: a proposed cigarette tax hike; the scoop of millions of dollars from the "reserves" of a number of satellite agencies, such as the Rhode Island Airport Corporation; and the sale of the state car fleet.
Raimondo also makes some assumptions: if you hire more people to go after tax evaders, the state will collect more in taxes.
Read more: www.providencejournal.com/news/20160204/making-sense-of-extra-dollars-in-raimondos-budget-plan