PROVIDENCE, R.I. (AP) — When Rhode Island’s governor submitted his budget proposal to lawmakers this week he did it earlier than any governor in two decades.
Gov. Lincoln Chafee (CHAY'-fee) unveiled his $8.2 billion spending proposal on Wednesday — two weeks earlier than last year and nearly two months earlier than in 2011.
Chafee’s budget calls for corporate tax rates to be reduced from 9 percent to 7 percent over three years. It contains no new taxes, and recommends increasing education funding by $30 million.
Top lawmakers said they'll have extra time to review the spending proposal because Chafee submitted it early.
The early work has another benefit to Chafee’s budget staff: on Monday they'll get Martin Luther King Day off for the first time ever.