Rhode Island Senate Bill S3030

Rhode Island 2024 Regular Session

• Introduced: 5/2/24
• Refer: 5/2/24
• Report Pass: 5/7/24
• Engrossed: 5/14/24
• Refer: 5/15/24
• Report Pass: 5/28/24
• Enrolled: 5/30/24
• Passed: 6/12/24

Caption

AUTHORIZING THE TOWN OF GLOCESTER TO FINANCE THE RENOVATION AND/OR EXPANSION AT THE EXISTING GLOCESTER POLICE STATION AND INCIDENTAL FURNISHINGS AND EQUIPMENT AND TO ISSUE NOT MORE THAN $10,700,000 BONDS AND NOTES THEREFOR

Impact

If enacted, SB 3030 would play a pivotal role in how local public safety infrastructure is financed in Glocester. The funds raised will specifically be directed towards necessary renovations or expansions aimed at enhancing police operational capabilities. This initiative could lead to improved services and facilities, potentially leading to better community safety outcomes. Moreover, the act allows the town to levy taxes to ensure adequate funds are available for debt servicing, thereby impacting the town's budget planning and financial health.

Summary

Senate Bill 3030 is designed to authorize the Town of Glocester to finance the renovation and expansion of its existing police station. Under this act, the town is empowered to issue general obligation bonds and notes not exceeding $10.7 million for the project's funding. The bill outlines the management and terms associated with issuing these bonds, ensuring that such measures are compliant with both town governance and broader legal frameworks. Significantly, the bill allows bonds to be issued in various forms, including serial and term bonds, thereby providing flexibility in financial management for the city.

Contention

Discussions surrounding SB 3030 may reflect broader concerns regarding municipal finances and public project funding. While proponents argue that modernization of the police infrastructure is essential for community safety, opponents might raise concerns about the burden of additional taxation and how financial decisions impact other municipal services. Furthermore, the mandatory public vote on the bond measure adds a democratic element, allowing locals to express their support or opposition to the financial strategies employed by their government.