Reinstates general revenue sharing of state aid among the 39 cities and towns in Rhode Island. The initial amount is based upon population, and increased annually thereafter based on the increase in the Consumer Price Index for all Urban Consumers.
Reinstates general revenue sharing of state aid among the 39 cities and towns in Rhode Island. The initial amount is based upon population, and increased annually thereafter based on the increase in the Consumer Price Index for all Urban Consumers.
Effective January 1, 2025, an annual cost-of-living increase, based upon the yearly Consumer Price Index for all Urban Consumers (CPI-U), to the retirement allowance for all state employees and all beneficiaries to be reinstated.
Limits residential rent increases to ten percent (10%) plus the increase in the Consumer Price Index (CPI) annually.
Places a cap of twenty percent (20%) on increases in consecutive revaluations of real property in all cities and towns conducting revaluations commencing December 31, 2025, and every December 31 thereafter.
Amends powers/duties of the office of the health insurance commissioner to increase total cost of care for services reimbursed under contracts after risk adjustment that exceeds the Consumer Price Index for all Urban Consumers percentage increase.
Amends powers/duties of the office of the health insurance commissioner to increase total cost of care for services reimbursed under contracts after risk adjustment that exceeds the Consumer Price Index for all Urban Consumers percentage increase.
Increases the net taxable estate exemption to $3,600,000 on January 1, 2026 and increases the exemption by $1,000,000 on January 1, 2027, and every year thereafter.
Directs the state board of pharmacy to annually identify up to fifteen prescription drugs with increased costs and provide the list to the attorney general to obtain reasons for the cost increases.
Provides that any rate increase with respect to electric distribution companies would be no greater than the increase in the Consumer Price Index or 5.5%, whichever is greater, unless there is approval of a higher rate by the general assembly.