Supplemental Budget a Go
The RI Senate has approved the supplemental budget, largely in the form that the governor proposed. I haven’t had the time to figure out this, though:
The plan restores $5 million of the $7 million the governor had proposed to eliminate for the Neighborhood Opportunities Program, which supports affordable housing initiatives. That funding will go to projects that were already in the works and had been promised state support.
The General Assembly also saved the Historic Tax Credit program, which the governor had originally scrapped in his supplemental budget proposal, but did so in a separate bill passed by both chambers and signed into law earlier this month. While the bill closed the program to new proposals, it kept commitments to already-approved projects, albeit at a slightly lower reimbursement rate.
The press release isn’t explicit about what the trade-off was in order to make these “saves.”