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Hasbro HQ vs. RIPTA funding: What’s at stake under a potential tax on R.I.’s top earners • Rhode Island Current

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Hasbro HQ vs. RIPTA funding: What’s at stake under a potential tax on R.I.’s top earners • Rhode Island Current


While Gov. Dan McKee pledged to not raise taxes during his 2025 State of the State address, a crowd of progressive advocates gathered a floor below him rallied for higher taxes on the state’s top earners.

The perennial push to bring a millionaire’s tax to Rhode Island got off to an earlier and more fiery beginning than usual this year. Not surprising, given what’s at stake on both sides of the debate.

To proponents, the tax policy offers a crucial way to boost state revenues, staving off cuts to social services, public transit and health care amid projections of a $223 million structural deficit for the fiscal year that starts July 1. Legislation proposing an extra tax on the top 1% of state earners is slated to be introduced in both chambers this week.

Equally stalwart in their opposition, naysayers insist the tax will cause employers and wealthy residents to seek tax-friendlier pastures.

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Including Hasbro Inc. The Pawtucket-based toy and gaming empire is considering a move to Massachusetts, citing the stronger talent pool and access to amenities that Rhode Island lacks.

The absence of a millionaire’s tax, though, is one way the Ocean State can still compete against its northern neighbor, which began a 4% surtax on income over $1 million in 2023.

“It’s a competitive advantage,” House Speaker K. Joseph Shekarchi said, speaking to reporters after Gov. Dan McKee’s State of the State address on Jan. 14. “I think the governor is using that to keep Hasbro and the Hasbro workers in Rhode Island.”

Hasbro did not return multiple inquiries for comment. Company executives have never mentioned state income taxes in publicly released emails or investors’ calls regarding potential relocation plans.

But it’s clear to Laurie White that the company’s calculus on whether to stay or go hinges on costs associated with doing business — including income taxes.

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“It’s about two things: access to talent and the cost structure,” White, president of the Greater Providence Chamber of Commerce, said in an interview. “We can’t compete 1-to-1 with Massachusetts on the talent basis. But on taxes, that’s a consideration.”

A sign directing residents to where they can pay tax bills is seen within Providence City Hall. (Photo by Alexander Castro/Rhode Island Current)

Rhode Island lacks the appeal of states like New Hampshire or Florida, which don’t tax personal income at all. But it managed to edge out Massachusetts for the first time in a decade last year, in a ranking of state business tax climates by the Tax Foundation.

Rhode Island ranked 41st among states with the most business-friendly tax policies, while Massachusetts fell to 46th. The report cited Massachusetts’ millionaire’s tax as a key reason for its lower ranking compared with past years.

“We do not want to lose that momentum,” Olivia DaRocha, a spokesperson for McKee, said in an email. She also raised an oft-cited argument among opponents of wealth taxes: that states that raise taxes see their top-earners move elsewhere.

A separate Jan. 7 analysis by the Tax Foundation linked lower state income taxes to where people moved within the United States in fiscal year 2024.

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The Commonwealth saw the sixth-largest net loss in residents in fiscal 2024, losing .39% of its population, based on an analysis of U.S. Census Bureau data. Rhode Island’s population shrank ever-so-slightly, down .03%, according to the report.

“Rhode Island should learn a lesson from its neighbor to the north about targeting residents’ incomes,” Katherine Loughead, senior policy analyst and research manager for the Tax Foundation, said in an interview. “Rhode Island is already trending in the wrong direction. Outbound migration could be expected to get considerably worse if Rhode Island was to adopt a significant tax increase.”

Not so, according to Alan Krinsky, director of research and fiscal policy for The Economic Progress Institute, which has supported a Rhode Island millionaire’s tax. Ahead of a forthcoming Institute research paper on the “tax migration myth,” Krinsky poked holes in the Tax Foundation’s analysis.

For one thing, Massachusetts was already losing residents at a similar clip even before voters approved the millionaire’s tax. Also noteworthy to Krinsky are the sizes of population swings, which range from .65% loss in Hawaii to 1.26% gain in South Carolina.

“That’s hardly a mass exodus,” Krinsky said.

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A new Tax Foundation analysis linked state income tax rates to where people moved in fiscal year 2024. (Courtesy of the Tax Foundation)

Meanwhile, other studies suggest taxes hold little sway over where people move. New York saw the number of millionaire households increase by 17,500 from 2020 to 2022, despite imposing a higher tax on income over $1.1 million during that time period, according to a December 2023 report by the Fiscal Policy Institute. Residents who earned over $850,000 a year were less likely to move out of state than people in lower-income brackets, the report found.

Loughead acknowledged that taxes are just one factor in a complex decision of where to move: cost-of-living, particularly housing costs, also plays an important role. New England overall has seen its population decline because of a higher median age and migration to southern states.

Fiscal and policy experts largely agree it’s too early to draw conclusions from Massachusetts’ tax on millionaires. Initial state estimates predicted a $2.2 billion revenue boost from the surtax in fiscal 2024. The Massachusetts Department of Revenue projected $2.4 billion revenue from the tax in fiscal 2026 budget projections, according to news reports.

Less abstract than future forecasts about revenue and population are the financial woes facing the Rhode Island Public Transit Authority, hospitals, and social services. All the more reason, Krinsky said, to consider a surtax on top earners.

Rep. Karen Alzate, a Pawtucket Democrat, plans to introduce legislation this week calling for a 3% surtax on the top 1% of state earners. Preliminary number-crunching suggests that, if approved, the tax would bring in $190 million in revenue per year, affecting residents with net taxable income of $650,000 or more.

Alzate, who introduced similar, though not identical legislation last year, hoped the looming budget deficit might make previous critics take a fresh look at her proposal.

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“This is the year to do it,” she said. “We are facing a real deficit and we cannot afford to cut social services and education.”

McKee’s initial fiscal 2026 spending plan did not include higher taxes on top earners. Senate President Dominick Ruggerio has already signaled his opposition. Shekarchi pledged to remain open to all ideas.

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Women’s Fund of Rhode Island, leaders celebrate Women’s History Month with panel event

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Women’s Fund of Rhode Island, leaders celebrate Women’s History Month with panel event


Women’s Fund of Rhode Island and U.S. Sen. Jack Reed celebrated Women’s History Month in Cranston with a panel discussion on Monday.

The event was held at the Cranston Public Library at 9 a.m.

Reed and other leaders of WFRI hosted a panel discussion with women leaders in environmental and agricultural advocacy, education, community resilience, housing, finance, workforce development, and more, officials said.

Women’s Fund of Rhode Island and U.S. Sen. Jack Reed celebrated Women’s History Month in Cranston with a panel discussion on Monday. (WJAR)

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“Women have played a critical role in this process, most often without any recognition,” Reed said. “Today’s panel brings together an extraordinary group of women who are addressing the challenged of sustainability from various angles and I want to thank you all for your great efforts.”

The panelists highlighted their experiences, shared insights and tips on lifting up women’s voices, provided strategies for sparking change and more.

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According to officials, some of the panelists included Executive Director of the Rhode Island Food Policy Council Nessa Richman, Executive Director of Strategic Initiatives at Rhode Island College Kim Bright, Newport Housing Authority Executive Director Rhonda Mitchell and more.

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Man allegedly kills man in R.I. before causing car crash that killed 2 in Mass.

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Man allegedly kills man in R.I. before causing car crash that killed 2 in Mass.


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“On behalf of the Cranston Police Department, I want to extend my deepest condolences to the family and loved ones of Javon Lawson and the two individuals who were killed in the crash in Swansea,” Col. Michael J. Winquist said.

A Seekonk man is accused of murder after he allegedly shot and killed a man in Rhode Island before causing a car crash in Swansea that killed two people last week, police said.  

Demitri Sousa, 28, is charged with murder, using a firearm while committing a crime of violence, and carrying a pistol without a license, the Cranston Police Department said.

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The shooting occurred Thursday night in Cranston, police said in a press release.

That night, Sousa allegedly arrived at the Cranston home of Javon Lawson, 35. Sousa began banging on the side door of the home, police said. 

When Lawson approached the door, he was hit by gunfire from outside, police said.

First responders transported Lawson to the Rhode Island Hospital, where he was pronounced dead, Cranston police said.

“Based on the preliminary investigation, the motive is believed to be a dispute between the suspect and the victim over a mutual female acquaintance. Detectives are continuing this investigation to gain more insight, as well as to collect and analyze evidence,” Colonel Michael Winquist, Chief of Cranston police, said in an emailed statement to Boston.com.

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Neighbors gave police video footage that “showed a male subject wearing dark clothing and a mask walking toward the residence moments before the shooting and fleeing immediately afterward,” Winquist said.

The suspect was also seen running to a white Infiniti sedan which then drove off, the Cranston police chief said.

Shortly after the shooting, a license plate reader captured the vehicle driving southbound on Route 10, and then later in Fall River and Westport, Massachusetts. The sedan’s license plate was registered in Sousa’s name, Winquist said.

At around 12:18 a.m. Friday, Swansea police spotted Sousa’s Infiniti barreling down Route 6, Swansea officials said.

Just moments later, Sousa allegedly “crashed into the side of another vehicle, a blue 2022 Subaru Ascent that had been traveling southbound on Route 136,” Swansea Police Chief Mark Foley and Fire Chief Eric Hajder said in a joint press release.

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Both vehicles had “catastrophic damage,” and the struck car was engulfed in flames, the Swansea officials said.

The driver and passenger of the hit car — a man and a woman — were declared dead at the scene, they said.

“Swansea Police had been alerted to be on the lookout for the suspect vehicle. However, Swansea Police were not involved in the pursuit and were not pursuing the vehicle at the time of the crash,” the Swansea chiefs wrote. Swansea official have not announced charges related to the fatal crash.

Sousa had been driving the Infiniti and appeared to be suffering from serious injuries, Winquist said. Inside the car, police found a pistol and “additional .22 caliber ammunition was recovered” from Sousa at Rhode Island Hospital, Winquist said.

Police arrested Sousa and transported him to Rhode Island Hospital. Sousa is expected to survive, Winquist said. Sousa will be held in Cranston police custody until he is conscious and medically cleared, Winquist said.

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“On behalf of the Cranston Police Department, I want to extend my deepest condolences to the family and loved ones of Javon Lawson and the two individuals who were killed in the crash in Swansea,” Winquist said.

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Rhode Island men’s basketball extends slide with loss to St. Joseph’s

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Rhode Island men’s basketball extends slide with loss to St. Joseph’s


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SOUTH KINGSTOWN – Whatever hopes the University of Rhode Island harbored for a men’s basketball Senior Day upset of Saint Joseph’s disappeared on a rare made 3-pointer. 

Jaiden Glover-Toscano connected on just one of his eight attempts from deep, and it turned out to be a backbreaker. The Hawks mustered just enough offense to hold off the Rams at the Ryan Center in an Atlantic 10 rock fight that went to the visitors. 

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Glover-Toscano hit from the left wing with 3:37 left, restoring a two-possession lead. Saint Joseph’s did just enough from there to finish a 61-55 victory on Feb. 28 and extend URI’s late-season slide. 

“We needed to get that stop,” URI coach Archie Miller said. “It was in the balance. Those last three minutes, whoever was going to make the play or get the stop was going to win.

“They made a big shot right there.” 

The Rams cut a 13-point deficit all the way to 56-55 when Tyler Cochran knocked down both ends of a 1-and-1 at the line with 3:54 left. The Hawks overloaded the right side on the ensuing possession, and Derek Simpson got a step on his man toward the paint. He fired a crosscourt pass to Glover-Toscano that caught URI’s defense rotating, and the air came out of the announced 6,391 fans in the building when the net rippled in front of the visiting bench. 

“We weren’t able to convert,” Miller said. “That’s kind of the name of the game. You’ve got to have some plays go your way.” 

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Myles Corey missed a 3-pointer at the other end, and Simpson played facilitator again to give Saint Joseph’s more of a cushion. He found Justice Ajogbor rolling to the rim for a slam with 2:36 left and it was a six-point game. Neither team scored again on an afternoon where they both shot under 40% from the field and went a combined 10-for-61 from deep. 

“The bottom line for our team today – and let’s just keep it simple – is we didn’t make a shot,” Miller said. “We really struggled to shoot the ball.” 

The Hawks built their largest lead with 13:53 to play, thanks to what was a major sore spot on the afternoon for the Rams. URI couldn’t inbound the ball after an Ajogbor free throw, and Jonah Hinton was called for an offensive foul. Simpson drove for a two-hand slam on the ensuing possession, part of a 13-0 shutout for the visitors on points off turnovers. 

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“We have no room for error,” Miller said. “That plays a big role.” 

The Rams (15-14, 6-10 Atlantic 10) enjoyed their best stretch of the day after falling into that 44-31 hole. Alex Crawford offered some life with a couple of 3-pointers, and Jahmere Tripp buried another from the left corner to make it a 54-51 game with 5:10 left. Crawford’s hard drive down the right kept it a three-point game, and Cochran’s successful trip to the line put URI in position to steal it late. 

“I feel like we had open shots,” Crawford said. “We had a lot of good looks – shots we usually make.” 

Saint Joseph’s (19-10, 11-5) won its fourth straight and continued an impressive rally from an 0-2 start in league play. The Hawks are on course for a double bye in the upcoming conference tournament, while the Rams look increasingly likely to play on the opening day in Pittsburgh. A home date with Duquesne and a road trip to Fordham wrap the regular season this week, and URI hopes guard RJ Johnson (concussion protocol) will be able to return at some point. 

“It did hurt a little bit,” Crawford said. “You face adversity, you’ve got to find a way to make up for missed players.” 

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SAINT JOSEPH’S (61): Dasear Haskins 5-11 4-5 14, Justice Ajogbor 4-5 1-3 9, Derek Simpson 4-10 4-4 13, Jaiden Glover-Toscano 3-14 0-1 7, Austin Williford 2-9 0-0 5, Khaafiq Myers 4-7 0-0 9, Jaden Smith 1-2 1-3 3, Anthony Finkley 0-2 1-2 1. Totals 23-60 11-18 61.  

RHODE ISLAND (55): Tyler Cochran 2-13 8-8 13, Keeyan Itejere 4-5 2-2 10, Jahmere Tripp 4-12 2-3 11, Jonah Hinton 2-11 0-0 5, Myles Corey 1-8 1-4 4, Alex Crawford 4-6 2-4 12, Jalen Harper 0-6 0-0 0, Drissa Traore 0-1 0-0 0. Totals 17-62 15-21 55.  

Halftime – SJ, 30-27. 3-point FG – SJ 4-28 (Haskins 0-3, Simpson 1-5, Glover-Toscano 1-8, Williford 1-8, Myers 1-2, Finkley 0-2), RI 6-33 (Cochran 1-9, Tripp 1-4, Hinton 1-7, Corey 1-4, Crawford 2-3, Harper 0-5, Traore 0-1). Rebounds – SJ 45 (Myers 8), RI 46 (Cochran 15). Assists – SJ 14 (Simpson 5), RI 12 (Corey 4). Turnovers – SJ 13 (Simpson 3, Myers 3), RI 13 (Corey 5). Blocked shots – SJ 7 (Ajogbor 3), RI 4 (Itejere 2, Tripp 2). Steals – SJ 8 (Simpson 3), RI 4 (Tripp 2). Attendance – 6,391. 

bkoch@providencejournal.com 

On X: @BillKoch25 

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