PROVIDENCE, R.I. (AP) — Rhode Island fiscal analysts are meeting to reach a consensus on the estimated revenues used to write the state’s budget.
The Revenue Estimating Conference began Wednesday morning in the State House. Official estimates are expected to be released by the end of the day.
Lagging revenues this spring have complicated negotiations between state leaders over spending priorities, such as a proposal to cut car taxes and Democratic Gov. Gina Raimondo’s plan to provide two years of free tuition at public colleges.
The state budget officer and fiscal advisers for the state Senate and House of Representatives hold the public meetings twice each year. Legislators then use the revenue and expense projections to prepare and approve a budget for the fiscal year that begins July 1.
