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PROVIDENCE, R.I. - Economic woes in Rhode Island could drive the state's budget deficit to nearly $200 million, a gap equivalent to about 6 percent of expected state income.
Budget officials for Gov. Don Carcieri and lawmakers predicted Tuesday that the state's income will drop about $130 million during the fiscal year ending in June.
Among the biggest drops are an 8 percent decline in the sales tax and a 5 percent drop in the personal income tax.
Besides dealing with falling income, the state began the year with a $62 million deficit from the previous year, further aggravating the current budget gap.
Carcieri, a Republican, said in a written statement that state leaders must avoid raising taxes to fix the shortfalls.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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