Sunday, November 4, 2018

RIPEC Report on November 2018 Ballot Initiatives and State's Debt Position & Budget Outlook

PROVIDENCE R.I. (October 2018) – On November 6, Rhode Island voters will be asked to consider three ballot questions, which would authorize $589.5 million in additional debt costs, accounting for estimated interest and borrowing costs.  Today, the Rhode Island Public Expenditure Council (RIPEC) released a report intended to assist voters as they consider these ballot initiatives.  The report provides an updated look at the state’s FY 2019 budget and out-years, based on the preliminary FY 2018 closing, as well as Rhode Island’s current debt position.  The purpose is to provide voters with information regarding the current financial position of the state and other related issues, which may be helpful when deciding whether to approve the referenda. The report also provides a summary of the 2018 ballot initiatives, and includes a set of questions for voter consideration.  The full report is available here.

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