State Tax and Budget Reports
Tax Expenditures Report Analysis (Tax Facts #8, June 2008)
The 2008 Tax Expenditures Report is produced by the Division of Taxation and documents the estimated cost for 211 tax credits, deductions, and exemptions that reduce the tax liability of selected firms or individuals. This report analyzes the Tax Expenditure Report and finds that much is still unknown about the costs (and outcomes) of tax expenditures.
Rhode Island Cannot Afford Recently Enacted Tax Cuts (Tax Facts #7) (January 2008)
This issue brief discusses why Rhode Island should repeal two recently enacted tax cuts: the reduction of the capital gains tax and the alternative flat tax. These two tax cuts will cause the state to lose more than $62 million in the coming fiscal year. Given Rhode Island's severe budget crisis, the state cannot afford to continue these two policies
The Other Side of the Ledger: Options for Raising State Revenues (Tax Facts Issue #6) (1.07)
The Poverty Institute's report which proposes several areas where the state could start to address weaknesses in the revenue side of the ledger
FY08 State Budget Wrap Up (8.07)
Includes highlights of the General Assembly's decisions regarding state revenues and expenditures for the coming year.
FY07 Budget Wrap Up (11.06)
Analysis of the FY07 state budget and its impact on low-income programs.
TABOR in Rhode Island? A Fiscal Nightmare for the Ocean State (Tax Facts Issue #5) (7.06)
A one-page brief ooutlining the severe problems with a proposed ballot question that asks voters whether the Constitution should be amended to include a tax expenditure limit.
2006 Tax Expenditure Report Analysis (Tax Facts Issue #4) (4.06)
An analysis of the report that documents the purpose and cost of tax breaks, incentives, exemptions, and other expenditures.
Rhode Island's Disappearing Corporate Income Tax (Tax Facts Issue #2) (3.06)
Read about how RI's corporate income tax collections are the lowest in the country.
Rhode Island's Personal Income Tax (Tax Facts Issues #2) (3.06)
Rhode Island should not cut personal income taxes of top earners in the state as it is unnecessary and unaffordable.
Capital Gains (Tax Facts Issue #1) (3.06)
Rhode Island cannot afford to eliminate taxes on Capital Gains.
FY06 Budget wrap up (10.05)
Analysis of the enacted FY06 state budget and its impact on low-income programs.
Governor Carcieri's FY06 Budget: Implications for low and moderate-income Rhode Islanders (7.05)
An analysis of the FY06 budget.
K-12 Education Financing in Rhode Island (5.05)
An analysis of the proposals aimed at redressing Rhode Island's education finance system. RI ranks 4th nationally in dependence on local property taxes, which amounts to a regressive burden on poor residents. Proposals include amending the state constitution, introducing a statewide property tax, and employing a foundation formula to ensure dependable and adequate funding.
Read the executive summary of the above report.
Rhode Island's Tax Ranking (12.04)
An analysis of how RI ranks on certain taxes.
Principles for Economic Development (4.04)
An overview of job quality and accountability standards that RI should aspire to when proposing economic development policies.
A Reality Check on Budget Rhetoric (4.04)
The analysis refutes complaints by policymakers that Rhode Island's spending is out of control.
Is RI a High Tax State? (2.04)
Different organizations use different methodologies to rank state tax burdens. The Poverty Institute refutes the fact that RI is the "4th highest taxed state in the country."
Where did the Money Go? (5.03)
This report documents how changes in Rhode Island's tax policies have resulted in budget shortfalls. Recent budget deficits cannot be blamed on the recession alone, but also cuts in the personal income tax, reductions in the auto excise tax, and a significant decline in corporate tax collections relative to the state's economy.
Some Options for Increasing Revenue (5.03)
The Poverty Institute offers options for revenue enhancements and savings in response to the estimated FY03 and FY04 shortfalls.
Tax Expenditure Budget Analysis (4.02)
This report outlines mechanisms for improving Rhode Island's Tax Expenditure Report to be a more meaningful tool for oversight and evaluation of the impact and effectiveness of tax expenditures.
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