PROVIDENCE, R.I. (WPRI) -- Rhode Island’s state government closed out the 2024-25 budget year with a surplus of $250 million, an amount that was $20 million higher than lawmakers had anticipated when they crafted the current year’s tax-and-spending plan.

The $250 million surplus was for the recently concluded fiscal year, which ended June 30. It was down from the $327 million final surplus the state posted last year, according to a preliminary report released this week by State Controller Dorothy Pascale.

Most of the extra money from the surplus is already spoken for: state lawmakers voted earlier this year to use $230 million of the funds to help balance the new 2025-26 budget that’s now in effect.

The McKee administration released the report on the budget surplus more than a month aft

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