House Finance Committee approves revised 2026 state budget
House Finance Committee approves revised 2026 state budget

House Finance Committee approves revised 2026 state budget

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House Finance Committee approves revised 2026 state budget

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. House Speaker Joe Shekarchi says this budget reflects the needs that need to be protected throughout the state.

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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.

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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.

Source: Turnto10.com | View original article

Source: https://turnto10.com/news/local/house-finance-committee-approves-revised-2026-state-budget-gov-dan-mckee-2026-fiscal-year-june-11-2025

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