You do realize that state money isn't just sitting in box on a shelf doing nothing. The state's money earns interest at the 90-day Treasury Bill rate, the interest rate determined each Monday at an auction of U.S. government securities held in Washington. That interest, currently 4.21%, is added to RI general fund. That almost $27million.
wespellettieri t1_ixksihq wrote
Reply to comment by evillegaleagle in Days after homeless people and advocates rallied outside governor’s office, R.I. will fund a portion of the shelter beds requested by rhodyjourno
You do realize that state money isn't just sitting in box on a shelf doing nothing. The state's money earns interest at the 90-day Treasury Bill rate, the interest rate determined each Monday at an auction of U.S. government securities held in Washington. That interest, currently 4.21%, is added to RI general fund. That almost $27million.