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RIPEC floats an interesting idea for improving school funding


RIPEC floats an interesting idea for improving school funding
Statewide student spending total is $18,079 per pupil. Woonsocket and Pawtucket are spending far less on their students.
By Dan McGowan Globe Staff,Updated April 14, 2021, 1 hour ago
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LEADING OFF
Happy Wednesday and welcome to Rhode Map, your daily guide to everything happening in the Ocean State. I’m Dan McGowan and how am I just learning now that there’s a new “Mighty Ducks” show on Disney+? Follow me on Twitter
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ICYMI: Rhode Island was up to 142,774 confirmed coronavirus cases on Tuesday, after adding 1,553 new cases since April 9. (Note: The percent positive rate wasn’t published on Tuesday.) The state announced two more deaths, bringing the total to 2,640. There were 137 people in the hospital, and 309,622 residents were fully vaccinated. ....

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When is a tax actually tax relief? McKee explains his proposal to tax a portion of forgiven PPP loans


RI BUSINESS
When is a tax actually tax relief? McKee explains his proposal to tax a portion of forgiven PPP loans
Business owners in Rhode Island say the governor’s proposed plan could harm small businesses
By Brian Amaral Globe Staff,Updated April 13, 2021, 5:57 p.m.
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Pink spring blossoms at the Rhode Island State House, surround the dome on a cloudy day.Suzanne Krieter/Globe staff
PROVIDENCE — When he first unveiled his budget plan in March, Gov. Dan McKee distanced himself from one of its more controversial proposals: making forgiven Paycheck Protection Program loans above $150,000 subject to state taxes. ....

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RIPEC: R.I. comparatively underspends on higher education, but overspends on K-12


RIPEC: R.I. comparatively underspends on higher education, but overspends on K-12
THE RHODE ISLAND Public Expenditure Council s new report Monday, titled How Rhode Island Compares, found that Rhode Island overspends on K-12 education compared to the rest of the U.S., while it comparatively underspends on higher education.
PROVIDENCE – The Rhode Island Public Expenditure Council on Monday released a report how the Ocean State compares to the United States and New England on state and local revenues and expenditures. The report, titled “How Rhode Island Compares”, uses the 2018 fiscal year data from the U.S. Census Bureau, the most-recent data available. RIPEC… ....

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Rhode Islanders approve $400 million in bond questions


Rhode Islanders approve $400 million in bond questions
Published Wed Mar 03 2021 22:54:16 GMT+0000 (Coordinated Universal Time)
Rhode Islanders approved $400 million in bond measures in Tuesday’s special election to fund projects ranging from affordable housing to facilities upgrades for higher education.
by Julia Moro
The bond questions asked Rhode Islanders to borrow millions of dollars for various projects. 
Michael DiBiase, CEO of Rhode Island Public Expenditure Council says the state will benefit in the long-term by investing in infrastructure, childcare, the environment and more. 
“It’s common and responsible for states to borrow money for capital infrastructure; these are long-term investments,” said DiBiase. “You could always talk about, would it be more conservative to not borrow, but I don’t think that’s a wise approach because then you wouldn’t have the benefits of these assets over time.” ....

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