Should all bond referenda be rejected until the state eliminates the structural budget deficit?

By PBN Staff
Twitter: @ProvBusNews

As the state’s voters look to endorse or reject a series of bond referenda, the Rhode Island Public Expenditure Council has issued a report on the Ocean State’s financial position and budget outlook.

While the fiscal year 2013 budget looks to be relatively healthy, there are still long-term fiscal challenges facing the state, according to the business-backed think tank.

Still, investments in the state’s infrastructure are often seen as necessary for long-term prosperity, but they come at a price - debt.

Is the state out of the woods yet when it comes to revenue and expenditures? Can Rhode Island afford any more bond debt until its long-term fiscal health is secure?