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On January 13, Governor Dan McKee announced that his proposed FY27 budget will include the creation of a permanent, fully refundable Child Tax Credit (CTC). Under the proposal, the credit would provide $325 per child per year for all children under the age of 19. This development reflects years of sustained advocacy by the Economic Progress Institute, the Rhode Island Coalition for Children and Families, and the RIght from the Start Campaign.
The Governor’s State of the State Address may be viewed here. The Governor outlines his “Affordability for All” agenda at approximately 0:30 and discusses the Child Tax Credit in greater detail beginning at approximately 0:32.
This announcement represents a significant and encouraging step forward. We look forward to reviewing the full budget proposal and will share a detailed analysis as it becomes available.
The next phase of our work will focus on advocacy in the House and Senate to ensure that the Child Tax Credit proposal is retained in the enacted budget.
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