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WPRI 12: Raimondo eyes tax on real estate sales over $500K to fund affordable housing

by: Eli Sherman

Posted: Jan 16, 2020 / 05:00 PM EST / Updated: Jan 16, 2020 / 09:04 PM EST
PROVIDENCE, R.I. (WPRI) - Democratic Gov. Gina Raimondo is looking to invest more into the development of affordable housing, paid for in part with a new tax on all real-estate sales totaling more than $500,000.
The second-term governor for months has indicated housing would play a central role in her fiscal 2020-21 budget, and specific details emerged on Thursday when state officials unveiled Raimondo's $10.2 billion tax-and-spending proposal.
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Courtesy of WPRI 12
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