RIPEC: Rhode Island’s taxes and spending are rising faster than residents’ incomes - What's Up Newp
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Rhode Island’s state and local taxes and spending are consuming a growing share of residents’ incomes because incomes here are growing more slowly than the nation’s, according to a report released Monday by the Rhode Island Public Expenditure Council.
The business-backed research group’s annual report, “How Rhode Island Compares: State and Local Taxing and Spending,” ranks the state across 32 revenue and spending categories using U. S. Census Bureau data through fiscal 2024, and compares those rankings with fiscal 2019.
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