Rhode Island H7251 limits state spending growth to the greater of inflation or personal income growth.

Rhode Island H7251 amends the state budget law to restrict the growth in state spending to the greater of the inflation rate or personal income growth rate. The bill defines "state spending" as the total appropriations authorized by the general assembly. It mandates that the director of administration annually report on actual spending growth compared to these limits and submit the report to the governor and the general assembly. Exceptions to the spending limit include debt service payments, federal funds required by law, and emergency expenditures. The act takes effect upon passage.

Rhode Island H7251 limits state spending growth to the greater of inflation or personal income growth.

Rhode Island H7251 amends the state budget law to restrict the growth in state spending to the greater of the inflation rate or personal income growth rate. The bill defines "state spending" as the total appropriations authorized by the general assembly. It mandates that the director of administration annually report on actual spending growth compared to these limits and submit the report to the governor and the general assembly. Exceptions to the spending limit include debt service payments, federal funds required by law, and emergency expenditures. The act takes effect upon passage.