MEDIA ADVISORY: House Finance Committee meets tomorrow to hear testimony on budget amendments from the governor and two bills relating to the state’s ‘Rainy Day Fund’
STATE HOUSE – The House Finance Committee will be meeting tomorrow, July 29 at 4 p.m. in Room 35 of the State House to hear testimony on three budget amendments submitted by the governor and two bills that relate to the state’s “Rainy Day Fund” sponsored by Speaker Nicholas A. Mattiello (D-Dist. 15, Cranston).
The committee will hear testimony on a budget amendment creating a new budget article regarding tax anticipation notes. They will also hear testimony on an amendment to Article 4 relating to the Debt Management Act and an amendment to Article 5 which concerns the Capital Development Program.
The committee will also hear testimony on two pieces of legislation sponsored by Speaker Mattiello. The first piece of legislation (2020-H 8119) would submit to the electors a proposition to amend the constitution by increasing funding of the budget reserve account, also known as the "Rainy Day Fund", and limiting state spending. The second bill (2020-H 8120) would increase funding of the budget reserve account, also known as the "Rainy Day Fund," and would limit state spending.
The State House remains closed to the public as a result of the COVID-19 pandemic. Both hearings will be televised live on Capitol Television, which can be seen on Cox on Channels 15 and 61, in high definition on Cox Channel 1061, on Full Channel on Channel 15 and on Channel 34 by Verizon subscribers. They are also live-streamed at www.rilegislature.gov/CapTV. Media members wishing to arrange for in-person coverage are asked to contact Larry Berman at email@example.com.
For more information, contact:
Andrew Caruolo, Publicist
State House Room 20
Providence, RI 02903