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Rhode Island
What slowdown? RI revenues revised up $80M despite recession fears.
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The Republic
Despite concern that the national economy is at risk of a recession, Rhode Island revenue collections have been revised up nearly $80 million for this year and next, according to new projections from state fiscal analysts.
The latest projections, released Friday, May 9, show state revenue for the year ending June exceeding expectations by $60.7 million.
And they predict revenue in the fiscal year starting July 1 to be $19.3 million higher than they expected last November.
The rosier-than-expected revenue forecast will take some pressure off House Democratic leaders writing a state budget for next year by eating into what had been a projected $250 million budget deficit.
Legislative leaders take a conservative stance
Despite state revenues continuing to climb, General Assembly leaders remained downbeat, at least in part to discourage their members from demanding lots of new state spending.
“The revenue results preview the effects of the weakening U.S. economy linked to turmoil in Washington, D.C., House Speaker K. Joseph Shekarchi said in an email. “Any short-term positive news is overshadowed by the magnitude of that uncertainty and the many related or unsolved budget issues.”
New Senate President Valarie Lawson and Senate Finance Committee Chairman Louis DiPalma said: “While we are pleased that revenue and caseload estimates remain relatively stable compared to the estimates made in November, we are experiencing a more challenging budget, and more difficult choices, than in recent years.”
Tax revenues climbing, with one exception
The new numbers from the twice-a-year Revenue Estimating Conference expect current-year revenue to reach $5.6 billion on increases in personal income tax, corporate tax, utility tax, insurance premium tax, cigarette tax, alcohol tax, estate tax and lottery profit. The major exception to the upward tax revisions was sales tax, which is now expected to come in $22 million short of the November estimate.
At the end of April, economists from Moody’s Analytics told the Revenue Estimating Conference that they expect the economy to slow in the years ahead and unemployment to rise, but stopped short of predicting recession.
Looking forward to next year, the revenue estimators predict collections of $5.7 billion on a modest increase in personal income tax, insurance tax and lottery collections. They expect sales tax to continue to slide back next year.
Good morning! Happy Thursday! Today will be pretty unsettled with the chance for showers and t’storms. Friday will still be damp with showers and drizzle, but the weekend still looks amazing!
The one good thing with the rain, for allergy sufferers at least, the pollen levels will be lower. In fact, both today and tomorrow, the tree pollen counts will be low locally. Do expect a spike in the pollen count for Saturday and Sunday with the dry weather.
INTERACTIVE RADAR: Live Pinpoint Weather 12 Radar »
“https://www.wpri.com/weather-now/weather-now-for-thu-5-14-26/” FLIGHT TRACKER
“https://www.wpri.com/weather-now/weather-now-for-thu-5-14-26/” POWER OUTAGES
TODAY
Hour-by-hour forecast for today…
We’ll have some showers around during the morning commute today, but the greatest chance for showers and t’storms will be after 9AM and before 5PM.
Showers and thunderstorms could slow travel around mid-day. Rain could fall heavily at times.
A line of showers and t’storms will be sweeping across the area through the afternoon as a slow-moving weather systems moves through the region.
Highs today will be in the upper 50s to lower 60s with southeast to east winds of 5-15mph.
“https://www.wpri.com/weather-now/weather-now-for-thu-5-14-26/” BEACH AND BOATING FORECASTS
TONIGHT
Showers are still possible this evening; although they won’t be as numerous.
TOMORROW
That low center will be nearby Friday morning, and we’ll be stuck with a damp, cool windflow. Expect drizzle and showers in the morning and possibly some lingering showers in the afternoon.
Highs Friday will only be in the 50s. The average high this time of year is in the upper 60s.
LOOKING AHEAD
Then…there’s the weekend. Saturday looks amazing with lots of sunshine and dry weather. It’ll be warmer, too, with highs in the 70s.
-Meteorologist T.J. Del Santo
T.J. Del Santo (tdelsanto@wpri.com) is the weekday morning and noon meteorologist for 12 News. Connect with him on Facebook and Twitter and Instagram and Threads and BlueSky.
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The Rhode Island Department of Health issued an overdose spike alert for Johnston and North Providence.
Health officials said over the past week, five Johnston and North Providence residents received medical care for a drug overdose.
According to RIDOH, these municipalities have historically lower overdose rates than the statewide average.
BE THE FIRST TO COMMENT
Residents can visit Prevent Overdose RI connect with community harm reduction organizations and find treatment.
The Rhode Island Lottery offers multiple draw games for those aiming to win big.
Here’s a look at May 12, 2026, results for each game:
Winning Mega Millions numbers from May 12 drawing
17-32-35-40-47, Mega Ball: 17
Check Mega Millions payouts and previous drawings here.
Winning Numbers numbers from May 12 drawing
Midday: 1-5-2-0
Evening: 1-6-0-3
Check Numbers payouts and previous drawings here.
Winning Wild Money numbers from May 12 drawing
23-27-29-31-35, Extra: 12
Check Wild Money payouts and previous drawings here.
Winning Millionaire for Life numbers from May 12 drawing
19-21-35-38-53, Bonus: 01
Check Millionaire for Life payouts and previous drawings here.
Feeling lucky? Explore the latest lottery news & results
Are you a winner? Here’s how to claim your prize
- Prizes less than $600 can be claimed at any Rhode Island Lottery Retailer. Prizes of $600 and above must be claimed at Lottery Headquarters, 1425 Pontiac Ave., Cranston, Rhode Island 02920.
- Mega Millions and Powerball jackpot winners can decide on cash or annuity payment within 60 days after becoming entitled to the prize. The annuitized prize shall be paid in 30 graduated annual installments.
- Winners of the Millionaire for Life top prize of $1,000,000 a year for life and second prize of $100,000 a year for life can decide to collect the prize for a minimum of 20 years or take a lump sum cash payment.
When are the Rhode Island Lottery drawings held?
- Powerball: 10:59 p.m. ET on Monday, Wednesday, and Saturday.
- Mega Millions: 11:00 p.m. ET on Tuesday and Friday.
- Lucky for Life: 10:30 p.m. ET daily.
- Millionaire for Life: 11:15 p.m. ET daily.
- Numbers (Midday): 1:30 p.m. ET daily.
- Numbers (Evening): 7:29 p.m. ET daily.
- Wild Money: 7:29 p.m. ET on Tuesday, Thursday and Saturday.
This results page was generated automatically using information from TinBu and a template written and reviewed by a Rhode Island editor. You can send feedback using this form.
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