Rhode Island 2025 Regular Session

Rhode Island Senate Bill S0446

Introduced
2/26/25  

Caption

Submits 2026 capital development program requesting the issuance of $100,000,000 in general obligation bonds to the voters for approval at the November, 2026, general election.

Impact

If approved, the bill will enact substantial alterations to state funding mechanisms for transportation and infrastructure. The issuance of these bonds, however, is contingent upon voter approval during the general election scheduled for November 2026. This process represents a direct engagement with the electorate, ensuring that residents have a voice in substantial financial decisions regarding state development. The bill further supports local economic conditions by aiming to improve public transit, which can enhance accessibility and stimulate commerce in various regions of the state.

Summary

Senate Bill S0446 proposes the issuance of $100,000,000 in general obligation bonds to finance the state's 2026 capital development program, which emphasizes improvements to the statewide transit system. The funds are designated for various enhancements, including upgrades to bus stops and shelters, mobility hubs, and matching federal grants for high-capacity transit lines. This initiative aims to expand and improve public transportation infrastructure significantly, directly benefiting Rhode Island's commuting populace and addressing longstanding transit challenges.

Contention

Debates surrounding the bill may pivot on concerns regarding the state's ability to manage debt and the allocation of public funds. Opponents of such funding initiatives often argue about the potential burden on taxpayers and the appropriateness of using state resources for grand infrastructure projects. Additionally, discussions may arise about whether the projected improvements align with broader strategic urban planning goals or if they adequately address the immediate needs of transit users. As the proposal heads to voters, it will be crucial for supporters to effectively communicate the long-term benefits against objections related to fiscal responsibility.

Companion Bills

No companion bills found.

Previously Filed As

RI H7590

Submits 2024 capital development program requesting the issuance of $100,000,000 in general obligation bonds to the voters for approval at the November 8, 2024, general election.

RI S2547

Submits 2024 capital development program requesting the issuance of $100,000,000 in general obligation bonds to the voters for approval at the November 8, 2024, general election.

RI H7918

Submits 2024 capital development program requesting the issuance of $25,000,000 in general obligation bonds to the voters for approval at the November 5, 2024, general election.

RI H7550

Authorizes the submission of proposals for several bonds to the people of the state at the general election to be held in November, 2024. These bonds relate to capital development and the "green economy."

RI S2496

Authorizes the submission of proposals for several bonds to the people of the state at the general election to be held in November, 2024. These bonds relate to capital development and the "green economy."

RI S2579

Authorizes the submission of several bond proposals to the people of the state at the general election to be held in November, 2024, relating to capital development and the "cultural economy initiatives."

RI H7919

Authorizes the submission of several bond proposals to the people of the state at the general election to be held in November, 2024, relating to capital development and the "cultural economy initiatives."

RI S1070

Authorizing The Town Of Lincoln To Issue Not To Exceed $14,000,000 General Obligation Bonds, Notes And Other Evidences Of Indebtedness To Finance The Development And Construction Of A New Town-wide Centralized Rescue Station And The Furnishing And Equipping Thereof And All Costs Related Thereto

RI H6453

Authorizing The Town Of Lincoln To Issue Not To Exceed $14,000,000 General Obligation Bonds, Notes And Other Evidences Of Indebtedness To Finance The Development And Construction Of A New Town-wide Centralized Rescue Station And The Furnishing And Equipping Thereof And All Costs Related Thereto

RI H8284

IN ACCORDANCE WITH RHODE ISLAND GENERAL LAWS SECTION 16-7-44 APPROVING THE ISSUANCE OF $3,500,000 BONDS BY THE TOWN OF SCITUATE TO FINANCE CAPITAL PROJECTS AT THE SCITUATE SCHOOLS

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