Decision of the Century: General Assembly’s Budget Approach Will Set State’s Trajectory for Decades to Come

The problems we face did not come down from the heavens; they were government-made and they can be reversed. Lawmakers should not feel helpless, nor do we have to be reliant of the federal government. Many states are taking proactive steps to prepare their state economies for rapid recovery... and we must do the same. Lawmakers have to understand that they can no longer hide from the responsibilities and difficult decisions they were elected take on: the status quo budget approach - tax, spend, and borrow - can not work in response to this pandemic crisis.

With a one-billion dollar anticipated revenue shortfall, and with recent statements from leading Rhode Island lawmakers indicating a general feeling of helplessness, the RI Center for Freedom & Prosperity today published a report with proven budget strategies that can help put the state on a long-term positive trajectory.  Virtually all recent comments from public officials appear to place an undue reliance on federal bailout funds in the hope that status quo spending levels might be maintained. This is not a budget strategy.

Compiled after numerous discussions with colleagues in other states as well as with state budget experts with national organizations, the Center’s report, Decision of the Century, is premised on the understanding that the decisions that will soon be made by lawmakers in dealing with the pandemic-caused revenue losses, will set the near and long term trajectory for the Rhode Island economy.

2015 Report Card FAILS to Provide Equal Opportunity for Rhode Islanders

The Center’s 4th annual REPORT CARD demonstrates how RI’s political class continues to cater to special insiders, while depriving other Rhode Islanders of the opportunity for upward mobility, educational opportunity, and personal prosperity. [button url=”http://rifreedom.org/RIReportCard/” target=”_self” size=”medium” style=”royalblue” ] 2015 Report Card [/button]

P3 PayGo Model for RhodeWorks

[button url=”http://rifreedom.org/wp-content/uploads/RICFP-P3-PayGo-101515.pdf” target=”http://rifreedom.org/wp-content/uploads/RICFP-P3-PayGo-101515.pdf” size=”medium” style=”royalblue” ]Click for full “P3 PayGo Model” report[/button] Beginning this spring, Rhode Island Governor Gina Raimondo proposed a controversial RhodeWorks program to implement a toll system for commercial trucks as the foundation for a massive revenue bond that would not require voter approval. RhodeWorks is the governor’s strategy for repairing and […]

P3: a Compelling Delivery Model for Governor’s Proposed Infrastructure Upgrades

A P3 Model would bypass the troubled RI DOT and enable a private sector partner to deliver vital bridge and road repairs in a timelier, safer, and less costly manner. WOULD REMOVE ALL RISK OF COST OVER-RUNS FROM RHODE ISLANDERS! [button url=”http://www.rifreedom.org/p3/” target=”_self” size=”small” style=”royalblue” ] Read the Policy Report [/button]

Gary Sasse on RhodeWorks: Leaving No Stone Left Unturned

State Leaders Should Remember that Rhode Island’s Transportation Funding Crisis Evolved Primarily From Debt- Driven Financing Practices Statement from Gary Sasse: A recent Hassenfeld Institute public opinion survey found that 76% of Rhode Islanders felt the State was  spending too little on road and bridge maintenance. This finding is consistent with the bipartisan agreement that Rhode […]