Rhode Island H7316 mandates a review and reduction of contracted services expenditures for state agencies with over $5 million in spending.

Rhode Island H7316 requires the director of any state agency with more than $5 million in contracted services to annually review these expenditures starting July 1, 2027. The goal is to identify areas where spending can be reduced. The act mandates a 2% reduction in these expenditures over five fiscal years, beginning in fiscal year 2027-2028. This act takes effect upon passage.

Rhode Island H7316 mandates a review and reduction of contracted services expenditures for state agencies with over $5 million in spending.

Rhode Island H7316 requires the director of any state agency with more than $5 million in contracted services to annually review these expenditures starting July 1, 2027. The goal is to identify areas where spending can be reduced. The act mandates a 2% reduction in these expenditures over five fiscal years, beginning in fiscal year 2027-2028. This act takes effect upon passage.