Governor proposes $35M budget for Department of Business Regulation and cannabis oversight

During a recent meeting of the House Committee on Finance, significant discussions centered around the budget recommendations for the Department of Business Regulation (DBR) and the Cannabis Control Commission, highlighting key funding allocations and operational changes that could impact Rhode Island residents.

One of the primary topics was the governor's proposal for the DBR, which oversees the licensing of commercial activities aimed at protecting the public and fostering a positive business environment. The proposed budget for fiscal year 2026 is set at $35.1 million, which reflects a decrease of $2.3 million from the previous year. This reduction is largely attributed to the timing of funds allocated for the expansion of the state fire academy in Exeter. The budget also emphasizes that nearly two-thirds of the DBR's funding is dedicated to salaries and benefits for its 155 authorized positions.

A notable aspect of the discussion was the establishment of the Office of the Health Insurance Commissioner (OHIC), which was created to enhance oversight of health insurance practices. The governor's budget includes $4 million for this office, which is tasked with producing recommendations for comprehensive dental plans and conducting a statewide review of social and human service provider rates. These initiatives are expected to have a direct impact on healthcare accessibility and quality for residents.

The meeting also addressed the Division of Building Design and Fire Professionals, which is responsible for supporting online construction permitting for municipalities. The governor's recommendation includes $14.5 million for this division, although it reflects a decrease due to the timing of spending for the Fire Academy project. The requirement for municipalities to have an online permitting process by 2023 was reiterated, indicating ongoing efforts to streamline local government operations.

In addition to these discussions, the committee reviewed funding for various divisions within the DBR, noting adjustments related to recent labor contracts and operational needs. The recommendation includes $200,000 for renovating office space that was damaged by flooding, demonstrating a commitment to maintaining functional government facilities.

As these budget proposals move forward, they will play a crucial role in shaping the regulatory landscape for businesses and healthcare in Rhode Island, ultimately affecting the daily lives of residents. The committee's ongoing work will be essential in ensuring that these initiatives align with community needs and priorities.