I am encouraged, though not surprised, to see that our economic recovery in Rhode Island has been more robust than originally reported, with December's unemployment rate falling below 10 percent for the first time in nearly four years.
By investing in the necessary fundamentals of a sustainable economy -- quality public education, sound infrastructure, and workforce development -- my administration has been working day-in and day-out to bolster Rhode Island's recovery. We have created a climate of certainty, stability, and predictability, giving employers the confidence to invest and create jobs in our state.
In particular, I believe my administration's support of a consistent and fair K-12 funding formula, our investment in higher education, our conservative approach to transportation financing, our proactive work in regulatory reform, our efforts toward property tax relief and municipal stability, and our renewed focus on work-readiness and training have sent a clear and positive message to the private sector.
The state is being managed well. Our revenues are exceeding projections and state departments and agencies are controlling spending. We are being responsible with hard-earned taxpayer dollars. Things are getting better in Rhode Island, and I look forward to continuing to move our state forward with an improved and sustainable economy.