MAKING RHODE ISLAND MORE AFFORDABLE
The cost of living has risen, and Rhode Islanders are feeling it. Through immediate and long-term investments, Governor McKee is delivering direct tax relief for families.
Governor McKee knows that Rhode Islanders need tax relief now, so he permanently eliminated the car tax, so that Rhode Islanders have more money in their pockets during this challenging time. In addition, under Governor McKee’s direction, working families will be sent a $250 rebate on their taxes for each eligible child in their household.
Working families should be able to afford to live in Rhode Island, so Governor McKee is addressing skyrocketing rent and home prices with an historic $250 million investment in housing, including $100 million to develop new affordable housing and $30 million to help Rhode Islanders buy their own home.
Thanks to Governor McKee’s leadership, senior citizens and veterans will receive targeted tax relief. His budget raises the tax exemption on retirement income, expands the property tax “circuit breaker” by increasing the income limit and the tax credit, and puts a long overdue end to the tax on military pensions.
Rhode Islanders work hard to make a living. Now, Governor McKee is working hard to put more money in Rhode Islanders’ pockets so that everyone - in all 39 cities and towns - can afford to live, work, and raise a family in the Ocean State.