Rhode Island state government’s bleak fiscal outlook hasn’t improved much since a July 18, 2024 memo ordering agencies to cut back on non-critical spending and hiring.
In fact, the long-term picture looks worse, with state budget officials now projecting a $537 million deficit by 2031 due to federal funding cuts under the One Big Beautiful Bill Act.
McKee praised FY25 budget for ‘smart investments.’ But memo warns of deficits on horizon…