Updated May 26 at 6:26pm

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this week’s poll

Do you approve of the state budget passed by the House Finance Committee last week and scheduled for a vote this week?

Posted:

While the fiscal 2014 budget process is still not done (with a vote on a plan passed by the House Finance Committee last week scheduled for a vote in the full House Tuesday), it seems that the General Assembly is closing in on the final deal.

There are no new broad-based taxes. The plan restores the historic preservation tax credit, although with strict per-project limits. But it does not follow Gov. Lincoln D. Chafee’s proposal to cut the corporate tx rate from 9 percent to 7 percent. And it does make the first payment to bondholders for the 38 Studios bonds that the state committed to re-pay when the company received the $75 million in loan guarantees.

Does this budget plan seem like a good collection of taxing and spending priorities to you?

lincoln d. chafee, fiscal 2014 budget, historic preservation tax credit, corporate income tax

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