Projo Politics Blog

PROVIDENCE -- Governor Carcieri plans to sign the state budget tomorrow at 1 p.m., the final step in finalizing the $6.9 billion tax-and-spend approved by the General Assembly last week.

The plan will become law after it is signed, and outlines virtually all state spending for the budget year that begins July 1.

The governor's office issued a statement this afternoon announcing the signing ceremony, which will take place in the ornate State Room on the second floor of the State House.

"This signing will mark the resolution of the budget crisis while avoiding any broad based tax increases, an accomplishment that is a credit to the House Speaker Murphy, Senate President Montalbano, and all legislators,” Governor Carcieri said. “It also marks the introduction of structural reforms that will reduce projected deficits in future years.”

The House Finance Committee estimates that the budget will lead to a $97-million deficit for the coming fiscal year, which is down considerably from previous projections.

Murphy and Montalbano are expected to attend the ceremony.

Among other things, the budget increases local education assistance for cities and towns, but freezes non-education aid at reduced levels. It includes $90 million in cuts to the state’s work force (which have yet to be detailed) and another $67 million in savings by reducing Medicaid programs that serve the state's poor, elderly and disabled.

After the budget was passed by the Democrat-led House, the Republican Carcieri said, “This budget represents a watershed moment in the recent history of Rhode Island state government. In the face of a severe fiscal crisis, we have worked together to reduce spending and balance the budget without raising taxes.”

-- Steve Peoples, Journal's State House Bureau

Comments

mike said:

"...In the face of a severe fiscal crisis, we have worked together to reduce spending and balance the budget without raising taxes.” Horse hocky. The cowards pass it down to the cities and towns to do.

Link | June 25, 2008 2:09 PM
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