Governor Dan McKee is set to release his budget proposal for FY2026 on Thursday. Observers are waiting to see if it will include tax increases. This is the first year since the pandemic without federal relief funds.

PROVIDENCE, R.I. (WLNE) — Rhode Island Governor Dan McKee will release his 2025 budget plan Thursday. The state public expenditure released a report on January 10 saying the state budget deficit is now approximately $300 million. That’s down from the October prediction of a $400 million deficit made by the state budget office.

Gov. Dan McKee held his fifth State of the State address on Tuesday. In the speech, McKee focused on a variety of issues his budget proposal, which will be revealed Thursday, plans to address, while also explaining progress on components of his 2030 plan.

In the final moments of his annual State of the State address Tuesday night, Gov. Dan McKee promised to push harder for a ban on assault-style weapons.