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.)

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
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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:
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SECTION 1. Section 35-3-2 of the General Laws in Chapter 35-3 entitled "State Budget"
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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
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This act would require the general assembly to cap expenditures based on a five (5) year
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increase in personal income or the annual rate of inflation based on the consumer price index.
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This act would take effect upon passage.
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LC003598
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