PROVIDENCE, R.I. (AP) — Rhode Island Gov. Lincoln Chafee’s $8.2 billion budget proposal at a glance:
— Improving economy: The state expects to end the fiscal year on June 30 with a surplus of $79 million.
— No new taxes: Chafee says no new or increased taxes or fees are necessary.
— Reduced corporate income tax: Chafee’s proposal would reduce the corporate income tax rate from 9 to 7 percent over three years, giving the state the lowest rate in New England.
— Education funding: Chafee would increase spending on public education by $30 million and boost higher education funding by $8.2 million to avoid any tuition increases.
— Tourism marketing: Chafee wants to allocate $600,000 in additional funds to market the state as a tourist destination. The Economic Development Corp. currently budgets $400,000 for tourism marketing.
— Workforce development: $3 million over two years to reimburse businesses for internships that pay at least the minimum wage.
— Child-care: $3 million in federal funds to offset child-care costs for struggling workers.
— Social Services: Chafee’s plan would close the Zambarano facility and move the disabled individuals it serves to existing facilities.