Friday, January 19, 2018
On Tuesday night, Rhode Island Governor Gina Raimondo announced that she was proposing a $1 billion initiative to fix Rhode Island’s broken schools.
On Thursday, Raimondo’s budget gave more details. Of the $1 billion, $400 million is already being budgeted by the state over the next five years — $80 million a year.
In addition, the "billion" includes the $70 million budgeted each year -- for the next five years -- by cities and towns, for $350 million.
So of the big billion dollar proposal? $750 million is not "new" spending. And, a billion doesn't go as far as you think.