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Senate President Dominick J. Ruggerio
was approved by state Senate on Tuesday by a 28 to 7 vote and now
heads to the desk of Gov. Dan McKee, who said he supports it.
Shekarchi and Ruggerio said in a news release that the agreement
represents an investment of more than $250 million to preserve and enhance Rhode Island s third-largest source of revenue.
Shekarchi said: The legislation increases revenue to our state and preserves critical jobs. Along with the Senate, we have taken several steps to enhance the legislation on behalf of the taxpayers.
Ruggerio commented: The Senate Finance Committee undertook an exhaustive review of this proposal and developed legislation that protects more than 1,000 jobs, guarantees significant capital investment and preserves the state s third-largest revenue stream. ....

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