PROVIDENCE, R.I. — Buoyed by an unexpected surge in inheritance tax payments, the state finished the 2015-2016 fiscal year with $28.6 million more revenue than expected and $22.5 million more than the prior year, according to a Department of Revenue report released Wednesday.The better-than-expected revenues were “driven substantially by the receipt of large infrequently occurring estate tax payments of over $52 million in May and June 2016,” said state Revenue Director Robert Hull in the
Source: R.I. ends fiscal year with more than expected, thanks to inheritance tax payments
