Welcome! Login | Register
 

EXCLUSIVE: Worcester Public School Allows KKK Costume—GoLocalProv has learned that on Thursday at Worcester…

RI’s First Annual Mind Body Spirit Expo Arrives—Rhode Island's first ever Mind Body Spirit Expo…

10 Highlights of Obama’s Trip to RI—The President of the United States is in…

Side of the Rhode: Who’s Hot and Who’s Not?—Side of RI: Who's Hot and Who's Not?

Friday Financial Five – October 31st, 2014—Two positive developments this week include

5 Live Music Musts - October 31, 2014—There’s something just a little frightening about all…

Finneran: Too Old, Too White, Too Male To Understand….—why parents would allow their young children---girls specifically---to…

The Cellar: Wines That Get Better With Time—Invest now and enjoy later...

The Scoop: Smith Blasts Paiva-Weed on False Allegations, Elorza Questions Cianci’s Apology, and More—Welcome back to The Scoop, the 4 p.m.…

FM Global Pledges $1 million to URI’s Proposed Engineering Facility—FM Global has pledged $1 million to support…

 
 

RISC Calls for Phased in Reduction of State’s Corp Tax Rate

Thursday, January 17, 2013

 

The RI Statewide Coalition (RISC) is commending Governor Chafee for holding the line on overall taxes and calling for a phased in reduction of the state’s corporate tax rate, but also expressing disappointment about the lack of any galvanizing proposals to set the state on an economic recovery path and reverse its long term high unemployment.

“It’s good the Governor now recognizes any new taxes would be a disaster for Rhode Island and the state will benefit from the changed corporate tax rate proposal, no question,” states RISC Executive Director Donna Perry. “But overall he failed to articulate a coherent galvanizing vision for how Rhode Island is going to reverse course out of a depressed economy, dead last rankings, and a widening inability to match its workforce with jobs. Where are the bold initiatives? They are just not there and it’s disappointing.”

RISC says the address reflected a mixed commitment to help local communities. His plan to send $20 million in state aid to local cities and towns, especially distressed communities, is an important step toward holding down the need for local tax hikes. However, RISC notes there was no mention of a planned effort to bring back last year’s municipal relief package aimed at municipal pension reform and cutting excessive personnel costs that weigh down city and town budgets. “It’s a step forward by Chafee to provide aid to communities and keep property taxes from any new hikes, however it’s concerning to see no mention of a renewed attempt at municipal relief and municipal pension reform.”

Perry says the Governor’s proposed budget commitments to public education and infrastructure are solid pieces of his overall plan. “The state needs to continue the strides it’s making to improve the performance of its public schools, as well as reverse poor rankings for the condition of our roads and overall infrastructure and so the Governor is right to make those investments."

RISC is the state’s leading non-partisan taxpayer advocate citizen’s group.

 

Related Articles

 

Enjoy this post? Share it with others.