Statements about State Finances
"We’ve had the private sector more than double the investment that was made by the public sector" at Quonset Business Park.
"Only 25 percent of what people buy is subject to Rhode Island’s sales tax."
Rhode Island's unemployment insurance system "is the most expensive such system in the country."
"Providence has more of its pension fund invested in hedge funds and is less transparent" about it than the state.
Salaries for URI faculty are second to last among New England land grant universities and in lowest 20 percent of major U.S. research institutions
Economic Development Commission Executive Director Keith Stokes "sent me a letter and he said the taxpayers will never be on the hook for these bonds" for 38 Studios.
"We have one of the most expensive General Assemblies, per capita, in the entire country."
Since Gina Raimondo took office, investment fees on the state's pension portfolio "have gone up from about $12 million annually to about $50 million."
Of six Rhode Island tax-credit programs worth about $35 million, "three companies got 90 percent of that -- CVS and two companies not even located in the state of Rhode Island."
The state budget proposal has been submitted "on time and [it's] the earliest that a governor has done so in over two decades."
"Our welfare system now consumes 42 percent of our budget."
"Connecticut's take on slot machines is 25 cents on the dollar. And the state's take on table games: zero."
"By voting to approve [Question 1], we can . . . save 900 jobs" at Twin River.
Rhode Island has the "worst maintained bridges in the United States of America . . . and we have the second worst maintained roads [behind] Alaska."
Decriminalizing marijuana "will save the state anywhere from $4 (million) to $11 million dollars."
"The legislature was never given the opportunity to debate or vote on loaning $75 million to 38 Studios."
Says when Rhode Island Lottery was proposed, "state residents were enticed to vote for it with the promise that the money would be used for education."
"There are a lot of casinos across the country that have gone bankrupt."
"We got [the Quonset Business Park] for free and we’re getting zero dollars out of it into the state coffers … other than the fact that it produces the jobs."
"If they made no changes whatsoever, the [state employees pension] plan still had enough money to go forward for approximately the next 16 years."
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