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McKee proposes $14B state budget that closes deficit with spending cuts, tax changes

Summary by WPRI 12
PROVIDENCE, R.I. (WPRI) -- Gov. Dan McKee on Thursday unveiled a $14.2 billion budget bill that seeks to close the state's first deficit in years through a mix of spending cuts, new taxes and fees, and accounting changes. The biggest source of new revenue McKee wants is a 10% tax on digital advertising that would be paid by large tech companies. He also wants to increase charges on buyers of cigarettes and electric vehicles, and to levy the 5% h…

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rhodeislandcurrent.comrhodeislandcurrent.com

14 things to know about McKee’s proposed $14.2B FY 2026 budget • Rhode Island Current

State Budget Officer Joseph Codega Jr. holds a copy of Gov. Dan McKee's proposed fiscal 2026 state budget binder at a press briefing at the Department of Administration Thursday, Jan. 16, 2025. (Photo by Alexander Castro/Rhode Island Current)You wouldn’t know the state is eyeing a nine-digit deficit for the fiscal year that starts July 1 judging by the size of Gov. Dan McKee’s spending plan. The proposed $14.2 billion fiscal 2026 budget unveiled…

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WPRI 12WPRI 12

McKee proposes $14B state budget that closes deficit with spending cuts, tax changes

PROVIDENCE, R.I. (WPRI) -- Gov. Dan McKee on Thursday unveiled a $14.2 billion budget bill that seeks to close the state's first deficit in years through a mix of spending cuts, new taxes and fees, and accounting changes. The biggest source of new revenue McKee wants is a 10% tax on digital advertising that would be paid by large tech companies. He also wants to increase charges on buyers of cigarettes and electric vehicles, and to levy the 5% h…

·East Providence, United States
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ABC6ABC6

Gov. McKee releases FY 2026 budget, details plan to resolve deficit

PROVIDENCE, R.I. (WLNE) — Gov. Dan McKee released his proposed Fiscal Year 2026 budget Thursday. McKee had previously said his aim with the $14.2 billion budget was to resolve a $250 million deficit without tax increases. “Over the next five years, state revenues are expected to grow 2.5% each year thanks to our strategic investments and strong economy,” McKee said in his State of the State address. “During the same time, state spending is expec…

·Rhode Island, United States
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thepublicsradio.orgthepublicsradio.org

McKee proposes $14.2B budget for 2025-26 - TPR: The Public's Radio

Rhode Island Gov. Dan McKee’s latest $14.2 billion budget proposal adds about a quarter-billion dollars from the current spending plan, reflecting the challenge of fueling the government in a state where expenditures continue to outpace revenue. McKee said his budget, which he unveiled Thursday, would close an approximately $250 million deficit without any broad-based tax […] The post McKee proposes $14.2B budget for 2025-26 appeared first on TP…

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WPRI 12 broke the news in East Providence, United States on Thursday, January 16, 2025.
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