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First, Gov. McKee presented the $14.2B budget. Then, the General Assembly had to take it and rework it to plug the holes.
The proposed tax and spending plan would raise Medicaid rates to inject $45M into primary care, $38M into hospitals and $12M into nursing homes.
They will also know whether Rhode Island's legislative leaders have been convinced by unions and other money-seeking interest groups to slap a 3% income tax surcharge − the so-called ...
This "tier 2" tax would also double, to $7.50 per $1,000. The current tax does not change that the "conveyance tax" on over $800,000 is only levied on residential properties.
Extending the 5% state hotel tax to whole-house rentals to generate $4.7 million per year for homeless services, on top of the $3.4 million new revenue he anticipated from hiking the real estate ...
This "tier 2" tax would also double, to $7.50 per $1,000. The current tax does not change that the "conveyance tax" on over $800,000 is only levied on residential properties.
The current tax rate is $4.60 per $1,000 of value. The new proposed tax rate is $7.50 per $1,000 of value, a 63% increase.
This "tier 2" tax would also double, to $7.50 per $1,000. The current tax does not change that the "conveyance tax" on over $800,000 is only levied on residential properties.