Rhode Island 2024 Regular Session

Rhode Island House Bill H8265

Introduced
5/10/24  

Caption

Authorizes the Town of Tiverton to require the school committee and quasi-municipal entities to provide regular financial reports to the chief financial officer or other designated town official.

Note

Overall, H8265 reflects a growing trend towards enhancing fiscal responsibility at local levels, reinforcing the importance of transparency in public finance.

Impact

The passage of H8265 will have a significant impact on state laws governing local government financial reporting. Specifically, it empowers Tiverton to implement ordinances that govern the frequency and content of financial disclosures by educational and quasi-municipal entities. This measure is likely to set a precedent for other municipalities that may consider similar policies aimed at increasing financial accountability. By requiring detailed reporting standards, the bill seeks to promote responsible fiscal management and provide insights into how public funds are allocated and spent.

Summary

House Bill H8265, known as the Tiverton School Committee Financial Reports Act, aims to enhance financial transparency in the Town of Tiverton by mandating the local school committee and quasi-municipal entities to submit regular financial reports. These reports are required to be provided monthly to the town's chief financial officer or other designated officials and must detail various aspects of financial activities, including expenses, revenues, and budget balances. This initiative is intended to improve oversight of public funds and ensure that financial decisions are made transparently.

Contention

There may be points of contention surrounding H8265, particularly regarding the administrative burden it places on the school committee and quasi-municipal entities. Opponents may argue that the requirement for monthly reporting could potentially divert resources away from educational priorities, raising concerns about the feasibility and impact on operational effectiveness. Furthermore, discussions could emerge regarding the extent to which local governments should mandate such oversight, weighing the benefits of transparency against the operational complexities involved.

Companion Bills

No companion bills found.

Previously Filed As

RI S0029

Validating And Ratifying Amendments To The Home Rule Charter Of The Town Of Tiverton

RI H5016

Validating And Ratifying Amendments To The Home Rule Charter Of The Town Of Tiverton

RI H6255

Amending To Incorporate The Stone Bridge Fire District And To Furnish A Supply Of Water For The Town Of Tiverton

RI S0981

Authorizing The Town Of East Greenwich To Finance The Acquisition, Construction, Improvement, Renovation, Alteration, Furnishing And Equipping Of Public Schools And School Facilities In The Town And All Expenses Incident Thereto Including, But Not Limited To, Costs Of Design, Demolition, Athletic Fields, Landscaping, Parking And Costs Of Financing And To Issue Not More Than $180,000,000 Bonds And/or Notes Therefor

RI H6376

Authorizing The Town Of East Greenwich To Finance The Acquisition, Construction, Improvement, Renovation, Alteration, Furnishing And Equipping Of Public Schools And School Facilities In The Town And All Expenses Incident Thereto Including, But Not Limited To, Costs Of Design, Demolition, Athletic Fields, Landscaping, Parking And Costs Of Financing And To Issue Not More Than $180,000,000 Bonds And/or Notes Therefor

RI S0980

Authorizing The Town Of Barrington To Finance The Construction, Improvement, Renovation, Alteration, Furnishing And Equipping Of Public Schools And School Facilities In The Town And All Expenses Incident Thereto Including, But Not Limited To, Costs Of Design, Athletic Fields, Playgrounds, Landscaping, Parking And Costs Of Financing And To Issue Not More Than $250,000,000 Bonds And/or Notes Therefor, Subject To Approval Of State Housing Aid At A Reimbursement Rate Or State Share Ratio Of Not Less Than 35 Percent At The Time Of Issuance And Provided That The Authorization Shall Be Reduced By The Amount Of Certain Grants Received From State Bond Proceeds, From The Rhode Island Department Of Education Or From The Rhode Island School Building Authority

RI H6404

Authorizing The Town Of Barrington To Finance The Construction, Improvement, Renovation, Alteration, Furnishing And Equipping Of Public Schools And School Facilities In The Town And All Expenses Incident Thereto Including, But Not Limited To, Costs Of Design, Athletic Fields, Playgrounds, Landscaping, Parking And Costs Of Financing And To Issue Not More Than $250,000,000 Bonds And/or Notes Therefor, Subject To Approval Of State Housing Aid At A Reimbursement Rate Or State Share Ratio Of Not Less Than 35 Percent At The Time Of Issuance And Provided That The Authorization Shall Be Reduced By The Amount Of Certain Grants Received From State Bond Proceeds, From The Rhode Island Department Of Education Or From The Rhode Island School Building Authority

RI S0018

Authorizing The Town Of North Providence To Issue Not To Exceed $125,000,000 General Obligation Bonds, Notes And Other Evidences Of Indebtedness To Finance The Construction, Renovation, Rehabilitation, Repair, Improvements, Furnishing And Equipping Of And/or Additions To Schools And School Facilities In The Town, Including, But Not Limited To, The Construction Of Three Elementary Schools, The Renovation Of Two Middle Schools And The Construction Of New Administrative Offices, Subject To Approval Of State Housing Aid At A Reimbursement Rate Or State Share Ratio Of Not Less Than 79.8% For Expenditures Eligible For Reimbursement

RI H5101

Authorizing The Town Of North Providence To Issue Not To Exceed $125,000,000 General Obligation Bonds, Notes And Other Evidences Of Indebtedness To Finance The Construction, Renovation, Rehabilitation, Repair, Improvements, Furnishing And Equipping Of And/or Additions To Schools And School Facilities In The Town, Including, But Not Limited To, The Construction Of Three Elementary Schools, The Renovation Of Two Middle Schools And The Construction Of New Administrative Offices, Subject To Approval Of State Housing Aid At A Reimbursement Rate Or State Share Ratio Of Not Less Than 79.8% For Expenditures Eligible For Reimbursement

RI H5082

School Committees And Superintendents

Similar Bills

RI H7771

House Resolution Extending Congratulations

RI H5652

House Resolution Congratulating The Tiverton Lions Club On The Joyous Occasion Of Its 80th Anniversary

RI S3098

Authorizes the Town of Tiverton to require the school committee and quasi-municipal entities to provide regular financial reports to the chief financial officer or other designated town official.

RI S1112

Restates the UTGR Master Contract and the Twin River-Tiverton Master Contract and would consolidate the marketing program of each into the Consolidated Marketing Program.

RI S0029

Validating And Ratifying Amendments To The Home Rule Charter Of The Town Of Tiverton

RI H5016

Validating And Ratifying Amendments To The Home Rule Charter Of The Town Of Tiverton

RI S0201

Validates and ratifies the amendments to the Tiverton Home Rule Charter which were approved by the electors of the town of Tiverton on November 5, 2024.

RI H6111

Validates and ratifies the amendments to the Tiverton Home Rule Charter which were approved by the electors of the town of Tiverton on November 5, 2024.