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R.I.'s economy grew in first quarter, but not as much as other New England states

R.I.’s economy grew in first quarter, but not as much as other New England states
Brian Amaral
PROVIDENCE Rhode Island’s economy grew in the first three months of 2021, but at a slower pace than New England as a whole, a widening of the state’s so-called “growth gap,” an economic model released Tuesday says.
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According to the report by experts at Bryant University’s Center for Global and Regional Economic Studies and the nonprofit Rhode Island Public Expenditure Council, the state’s gross domestic product grew by an estimated 3.5 percent annualized rate in the first quarter, compared to an estimated 5.2 percent growth in all of New England and 6.4 percent in the U.S. ....

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Raimondo leaves unfinished business for incoming Governor McKee

Her resignation as governor may be only hours away.
As she exits the Rhode Island political stage midway through her second term, Raimondo leaves a heap of unfinished business behind for her successor: Lt. Gov. Dan McKee.
The list includes:
◘ A gaping budget deficit pegged at somewhere between $329 million and $513 million that stems, in large part, from extensive use of one-time funds, according to a new legislative analysis.
◘ A battle among competing groups for priority in getting a COVID vaccine.
◘ The state takeover of the Providence schools.
◘ A potentially massive change in the state s hospital landscape.
◘ The Raimondo administration s proposed no-bid, 20-year Lottery deal worth a potential $1 billion to gambling giant IGT and its partners in the Rhode Island gambling industry. ....

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RIPEC advises 'more urgency' in addressing state FY22 budget deficit

THE RHODE ISLAND Public Expenditure Council is advising state policymakers to act with urgency in addressing a projected fiscal year 2022 $513.7 million budget deficit.
PROVIDENCE – The Rhode Island Public Expenditure Council is advising state legislators to act with “more urgency” in addressing a $513.7 million budget deficit in fiscal year 2022. In a report issued on Wednesday, RIPEC said that per its analysis, the deficit will remain if FY 2022 expenditures continue to grow as projected and one-time…
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