Gov. Raimondo signs $8.9 billion budget


PROVIDENCE, R.I. (AP) — Rhode Island Gov. Gina Raimondo has signed into law the state’s $8.94 billion budget, saying it reduces a structural deficit and makes record investments in education and workforce development.

The Democrat was joined by legislative leaders for a Friday signing ceremony.

She says the budget approved by the state’s Democrat-controlled General Assembly will spur economic growth.

The spending plan that takes effect on July 1 will cut business taxes, expand economic development tools, provide tax relief to retirees, combat the opioid overdose crisis and raise the earned income tax credit for low-income families.

It doesn’t include any broad-based tax increases. There will be a new tax on medical marijuana, but scaled back from one originally proposed by Raimondo.

The budget plan also cuts the cost of parking at state beaches.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


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