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Analysts say RI will generate $300M+ more than expected in next two years


Rhode Island, like many state governments emerging from the COVID-19 pandemic, is flush with cash.
Even before accounting for the more than $1 billion in federal pandemic aid, state fiscal analysts on Monday revised state revenues upward for this year and next by more than $300 million.
That means lawmakers will have more money to spend on favorite causes, cut taxes or sock away for the future when they meet to pass a budget next month.
In a joint response to the new revenue numbers, House Finance Committee Chairman Marvin Abney and Senate Finance Committee Chairman Ryan Pearson said they welcome today s results as further evidence that Rhode Island is recovering from the health and economic crises brought on by COVID-19. ....

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