House approves $15.2B FY27 budget with marquee acquisition: millionaire’s tax

By: Nancy Lavin

Outlets: Rhode Island Current

Published: June 5, 2026

Words: 2,195

Last Updated: 3 weeks, 2 days ago

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A record $15.2 billion fiscal 2027 budget breezed through the Rhode Island House of Representatives in near record time Friday, with the 65-10 vote finalized with an hour to spare before sunset.

The approved budget is almost identical to the version given preliminary vetting by the House Committee on Finance one week ago, featuring a phased-in millionaire’s tax, a state inspector general’s office, and additional funds for healthcare, families with children, and the state …

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