• Chamber Chatter

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    2019 Legislative Wrap-up The legislature has been forwarding bills to Governor Raimondo for her consideration. While most bills were either signed or allowed to become law without the Governor’s signature, three bills were vetoed: H.6250 and S.46 (Allows a school district to conduct instruction through virtual education up to 5 days when schools have been closed due to inclement weather, emergency or any nonscheduled school closings); and H.6102 (An motor vehicle insurer found in violation of the unfair

    Voting is happening at a faster pace as we head into what could be the final month of legislative session.

    ​Last week, the Senate Labor Committee, after taking testimony on a number of business-related bills, held those bills for further study. This simply means that the bills remain alive.

    The eight and a half hour meeting of the Department of Revenue staff, the Senate Fiscal Policy staff and the House Fiscal Policy staff showed just how dedicated these individuals are to making the best budget estimates possible. The bottom line: Rhode Island is expected to end the current fiscal year with $4,017,910,000 in state revenue which is up $24.8 million from the estimate made in November of 2018.

    During our February Politics & Pancakes event Governor Gina Raimondo shared highlights from her 2020 Budget as proposed. The Governor’s budget devotes over 50 pages to economic development programs, one of which is the Rebuild RI Tax credit. The goal of the Rebuild Rhode Island tax credit is to help stimulate business development; retain and attract new business and industry to the state; create good-paying jobs for residents; assist with business, commercial, and industrial real estate development; and in

    The General Assembly is on break this week. Hearings for the week of April 22 – 26 will be released at the end of this week. Members of the House and Senate leadership teams have been making the speaking circuit. Marijuana legalization appears to be receiving a cool reception as the ability to implement and oversee the vast regulatory program required still appears to be in question. The Governor’s proposed new programs also seem to be in question as the early projected revenues for FY2020 are

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