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H7250 • 2026

AN ACT RELATING TO PUBLIC FINANCE -- STATE BUDGET (Requires the general assembly to cap expenditures based on a five (5) year increase in personal income or the annual rate of inflation based on the consumer price index.)

AN ACT RELATING TO PUBLIC FINANCE -- STATE BUDGET (Requires the general assembly to cap expenditures based on a five (5) year increase in personal income or the annual rate of inflation based on the consumer price index.)

Budget
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Nardone, Quattrocchi, Fascia, Santucci, Paplauskas, Chippendale, Place, Hopkins
Last action
2026-04-29
Official status
Committee recommended measure be held for further study
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

AN ACT RELATING TO PUBLIC FINANCE -- STATE BUDGET (Requires the general assembly to cap expenditures based on a five (5) year increase in personal income or the annual rate of inflation based on the consumer price index.)

AN ACT RELATING TO PUBLIC FINANCE -- STATE BUDGET (Requires the general assembly to cap expenditures based on a five (5) year increase in personal income or the annual rate of inflation based on the consumer price index.)

What This Bill Does

  • AN ACT RELATING TO PUBLIC FINANCE -- STATE BUDGET (Requires the general assembly to cap expenditures based on a five (5) year increase in personal income or the annual rate of inflation based on the consumer price index.)

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-04-29 Committee

    Committee recommended measure be held for further study

  2. 2026-04-24 Rhode Island General Assembly

    Scheduled for hearing and/or consideration (04/29/2026)

  3. 2026-01-21 Rhode Island General Assembly

    Introduced, referred to House Finance

Official Summary Text

AN ACT RELATING TO PUBLIC FINANCE -- STATE BUDGET (Requires the general assembly to cap expenditures based on a five (5) year increase in personal income or the annual rate of inflation based on the consumer price index.)

Current Bill Text

Read the full stored bill text 
H7250

2026 -- H 7250
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LC003598
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STATE OF RHODE ISLAND
IN GENERAL ASSEMBLY
JANUARY SESSION, A.D. 2026
____________
A N A C T
RELATING TO PUBLIC FINANCE -- STATE BUDGET

Introduced By:
Representatives Nardone, Quattrocchi, Fascia, Santucci, Paplauskas,
Chippendale, Place, and Hopkins

Date Introduced:
January 21, 2026

Referred To:
House Finance
It is enacted by the General Assembly as follows:
1
SECTION 1. Section 35-3-2 of the General Laws in Chapter 35-3 entitled "State Budget"
2
is hereby amended to read as follows:
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35-3-2. Annual appropriations for state government.
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The general assembly shall annually appropriate such sums as it may deem necessary to
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pay the administrative and other expenses of the state government.
The general assembly shall
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adopt a spending cap on general budget expenditures equal to the greater of:
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(1) The average five (5) year increase in personal income; or
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(2) The annual increase in inflation per the consumer price index.
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SECTION 2. This act shall take effect upon passage.
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LC003598
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EXPLANATION
BY THE LEGISLATIVE COUNCIL
OF
A N A C T
RELATING TO PUBLIC FINANCE -- STATE BUDGET
***
1
This act would require the general assembly to cap expenditures based on a five (5) year
2
increase in personal income or the annual rate of inflation based on the consumer price index.
3
This act would take effect upon passage.
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LC003598
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