Revised FY27 budget takes up ‘compromise’ millionaire’s tax, frustrating businesses and progressives

By: Nancy Lavin

Outlets: Rhode Island Current

Published: June 2, 2026

Words: 1,032

Last Updated: 3 weeks, 3 days ago

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The long-debated state millionaire’s tax finally survived the legislative gauntlet, securing a place in the revised fiscal 2027 budget given initial passage by a panel of House lawmakers Friday night.

But the hotly contested tax on top earners remains a point of contention among business groups and progressive lawmakers, and neither camp appears satisfied with the legislative “compromise.”

Speaking to reporters Friday night about changes to the now-$15.2 billion budget, House Speaker Christopher …

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