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Analysts boost revenue estimates for RI budget

Rhode Island budget analysts have added nearly $39 million to their state revenue estimates for the current fiscal year.

Better-than-expected receipts from lottery and gambling operations contributed to the boost.

The General Assembly's twice-annual Revenue and Caseload Estimating Conference also added $8 million to their projections for next year, giving a total of $47.5 million more revenue for budget writers to work with on next year's spending plan.

The spring estimates also showed that personal income tax collections were strong.

Democratic House Speaker Nicholas Mattiello says he's happy there's additional revenue to close the budget gap, but says it's small in the context of the entire budget.

Lawmakers are working to finalize the state budget for the fiscal year that begins July 1.



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