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Archive - Jan 16, 2013 - News Article

Chafee budget has no tax increases

January 16, 2013

PROVIDENCE – Boasting a “Back to Basics” budget that contains no increase in taxes – and even a 2 percent reduction in the corporate tax rate over three years – Gov. Lincoln Chafee submitted an $8.1 billion tax and spending plan for 2014 to the General Assembly on Wednesday.
Of the budget total, $3.4 billion will come from state taxes and other revenues, with the rest provided by the federal government.

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