Rhode Island’s Bold Budget Move

Rhode Island’s 2027 budget hits $14.34 billion—a 3.6% jump fueled by a surprise $230 million revenue boost. Governor Dan McKee defends the spending, highlighting $6.5 billion in new investments for healthcare, housing, infrastructure, and a $600 million bond package. But critics like Michael DiBiase warn the ballooning budget—up nearly $6 billion since 2017—could lead to future tax hikes, especially with the new “millionaire’s tax” that will raise rates on incomes over $1 million from 6% to 9%, bringing in $67 million initially. DiBiase argues the tax is unnecessary given the surplus, questioning why taxpayers should pay more when the state already has extra funds. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/20de42143abe0898