Bruce Newbury
Bruce Newbury
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1540 WADK.com Updates

State Budget Deficit Is Looming

It's estimated Rhode Island will finish the 2017-2018 fiscal year next June with a more than a 60-million-dollar budget deficit.  The projected deficit from the state budget office is based on actual spending from July through September and updated forecasts for revenue and social services.  The primary reason cited is overspending by state agencies far above what was budgeted by the General Assembly earlier this year. 

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