Rhode Island faces deficit in next budget
PROVIDENCE, R.I. (AP) — Rhode Island lawmakers will face more red ink when they return to the Statehouse early next year to begin the process of crafting a state budget.
State budget officials initially projected a $130 million deficit for the budget year beginning July 1, but legislative fiscal officials say newer forecasts predict a smaller gap.
Department of Administration Director Richard Licht says the administration of Gov. Lincoln Chafee has asked state agencies to identify spending cuts that total 7 percent of their budgets.
Chafee is expected to submit his budget proposal to lawmakers in mid-January. The legislative session begins Jan. 1.
The House Finance Committee reviewed the latest budget projections at a meeting Wednesday.