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.

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 […]

STATEMENT: REMI Toll & Bond Report Overstates Benefits; New Model Next Week

FOR IMMEDIATE RELEASE September 3, 2015 Economic Drawbacks Under-Stated, Benefits Overstated Pro Government Spending Analysis is Not Balanced with Free Market Analysis Providence, RI – As projected months ago, the economic development analysis released yesterday by the Raimondo administration, conducted by Regional Economic Models, Inc. (REMI), is based on pro government spending theory that under-states […]

Governor’s BOND & TOLL plan will waste over $650 million

PAY-AS-YOU-GO a Superior Approach. The plan under consideration would more than double the cost of the project and would enrich special-interests without any added benefit for Rhode Islanders. The Center’s new report shows how to make RhodeWorks “work” for Rhode Island. [button url=”http://rifreedom.org/2015/07/making-rhodeworks-work-for-rhode-islanders/” target=”_self” size=”medium” style=”royalblue” ] Read the PayGo Report here [/button]