« Photos: Chicks banding together | Today | Schoolmates play for Scrabble glory in Providence »

May 9, 2008

Alert: R.I.'s 2009 deficit now pegged at $430M-plus

PROVIDENCE -- The state's fiscal 2009 budget deficit has grown to more than $430 million, based on information released today.

The deficit for the year beginning July 1, previously put at $384 million, is estimated to have grown by between $50 million and $55 million.

Officials, at a revenue-estimating conference at the State House today, said the primary cause was lagging income and sales tax collection because of the weakened state economy.

The conference included the governor's budget officer and the fiscal advisers for the House and Senate.

-- projo.com staff writer Michael P. McKinney, with reports from Steve Peoples of the Journal State House Bureau

Posted by Mike McKinney  at 4:37 PM | Permalink

Comments

Post a comment

Please be civil. Vicious comments, personal attacks and profanity won't be published. Name and email are required; email address will not publish.

Name:

Email Address:

URL:
Remember Me? YesNo

Comments: (you may use HTML tags for style)