(WJAR) — Rhode Island’s House Finance Committee has put together a revised $14.3 Billion Budget.
Some of the key elements include Washington Bridge Funding and a new State Property Tax.
The budget is about $119 million more than what Governor Dan McKee had originally planned.
The budget has a lot of elements, but some of the main takeaways include healthcare:
- $45 Million is slated for primary care
- $38 Million to Hospitals
- $12 million to nursing homes which also includes revised staffing requirements.
Gas tax
Another key point is the state’s gas tax will be raised by 2 cents, and the funding will go towards the Rhode Island Public Transit Authority, which would generate $15 million to help close its deficit.
Taylor Swift Tax
And whats being called the Taylor Swift Tax, a new statewide property tax on non-owner-occupied homes valued above $1 million.
House Speaker Joe Shekarchi says this budget reflects the needs that need to be protected throughout the state.
Child care
The revised budget extends a state program to subsideze child care for child care providers. There is a separate rate for infants and toddlers receiving state subsidized care.
Not included:
It should be important to mention what’s not included in the Budget which Governor McKee wanted including:
- No tax on digital advertising
- No millionaires tax
- No acquiring of the former Citizens Bank building in East Providence for new state offices.
And now that $14.3 billion budget will make its way to the House Floor for debate.
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