RI lawmakers receive extra $233M in revenue for FY2027 budget deliberations
The biannual Revenue and Caseload Estimating Conference on May 11 found an additional $233 million in revenue for Rhode Island's fiscal 2027 budget—$155 million for the current year and more for next. Lawmakers now must decide how to allocate the windfall amid competing pressures. Federal cuts to Medicaid and food assistance programs complicate an otherwise positive revenue picture. The unexpected surplus stems from robust personal income growth reflected in higher-than-expected withholding revenues.
