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On June 9, 2026, Rhode Island Governor announced a series of new taxation measures aimed at increasing state revenues and addressing budget shortfalls. The new measures include changes to income tax rates, sales tax, and property taxes.One of the key changes is an increase in income tax rates for high-income earners. Individuals earning over $200,000 a year will see their tax rates rise from 6.99% to 7.25%. The governor has stated that this increase is necessary to ensure that those who can afford to contribute more to the state's coffers do so, in order to fund vital services and programs.In addition to changes to income tax rates, the state government has also announced an increase in sales tax from 7% to 7.5%. This will apply to a wide range of goods and services, including clothing, electronics, and meals at restaurants. The increased sales tax is expected to generate an additional $50 million in revenue for the state annually.Furthermore, property taxes will see a slight increase for homeowners in certain high-value areas. The governor has stated that this increase is necessary to ensure that municipalities have the funds they need to provide essential services such as education, public safety, and infrastructure maintenance.Overall, the new taxation measures are expected to generate an additional $150 million in revenue for the state, helping to address budget shortfalls and fund essential services. The governor has stated that these measures are necessary in order to ensure the long-term financial stability of Rhode Island and protect the well-being of its residents.However, the announcement of these new taxation measures has faced criticism from some residents and business owners who believe that they will be unfairly burdened by the increases. Nevertheless, the state government maintains that these measures are necessary in order to ensure that all Rhode Islanders contribute their fair share to the state's financial health.