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Rhode Island

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Rhode Island

Annual tax revenue change: -6.2%
Jan.-Mar. 2008 tax revenue: $590 million
Annual home value change: -3.04%

Rhode Island's economy has been weakened by its housing market, one of the worst in the nation. Lawmakers are trying to make up for a $422 million shortfall in their $6.89 billion budget with proposed cuts to the public college system and aid for municipalities, as well as tighter limits on welfare benefits.