The Rhode Island legislature faces significant financial challenges heading into the 2025 session, with a projected $330 million structural deficit.
This issue is overshadowing other priorities, such as gun control, which has gained renewed attention after Senate President Dominick Ruggerio signaled potential support for stricter measures, including an assault weapons ban.
While historically hesitant on the issue, Ruggerio’s stance may shift due to the influence of Governor Dan McKee, who has made the ban a priority, and the more progressive leanings of Senate Majority Leader Val Lawson.
The financial strain on the state has led to a focus on balancing the budget rather than introducing new tax policies or large-scale reforms.
House Speaker K. Joseph Shekarchi emphasized that the budget will take precedence, with potential tax changes, including a millionaire’s tax, remaining uncertain.
Another pressing issue is Hasbro’s potential relocation to Massachusetts, which has yet to request any specific assistance from the state. Shekarchi acknowledged that Rhode Island faces challenges in retaining companies like Hasbro, particularly as it competes with Massachusetts in attracting gaming talent.
Ruggerio’s concerns also extend to CVS Health’s future in Rhode Island, with the company facing layoffs and leadership changes.
Additionally, lawmakers are focused on healthcare reform, including the establishment of a state medical school and increased funding for primary care providers to address the shortage of physicians.
The fate of the Washington Bridge, which was closed in December 2023 due to structural issues, remains uncertain, with legislators pushing for answers regarding cost and timeline.
Meanwhile, discussions about reforms to the Rhode Island Coastal Resources Management Council CRMC and the ongoing crisis in the Providence Public School District highlight the state’s challenges in education and environmental governance.
As the 2025 legislative session approaches, it remains to be seen how these issues will evolve, with lawmakers grappling with financial constraints and competing priorities.