Reduces the number of years from five (5) to three (3), when calculating for retirement purposes, the average of the highest consecutive years of compensation, for state and municipal employees.
Requires that present and former employees, active and retired members, and beneficiaries receiving any retirement, disability or death allowance receive a $2,000 increase per year.
JOINT RESOLUTION MAKING AN APPROPRIATION OF $150,000 TO THE RHODE ISLAND COMMERCE CORPORATION FOR THE BLACKSTONE VALLEY VISITORS CENTER (Authorizes the appropriation of the sum of $150,000 to the Rhode Island Commerce Corporation for the Blackstone Valley Visitors Center.)
JOINT RESOLUTION MAKING AN APPROPRIATION OF $2,000,000 TO THE ELISHA PROJECT (This resolution would authorize the appropriation of the sum of $2,000,000 to the Elisha Project.)
Amends Article 9 of the state budget and various provisions relative to hospital licensing fees, would redefine base year for purposes of calculating disproportionate share payments for fiscal years.
Establishes the Rhode Island low-income housing improvement tax credit program providing tax credits for a period of five (5) years to applicants that are competitively selected and that meet the requirements of this chapter.
AUTHORIZING THE CITY OF PAWTUCKET TO PROVIDE FOR THE DESIGN, CONSTRUCTION, RECONSTRUCTION AND REPAIR OF ENVIRONMENTAL INFRASTRUCTURE IMPROVEMENTS INCLUDING, BUT NOT LIMITED TO, PARKS, STREETS, STREETSCAPES, RECREATION, SIDEWALKS, SEWERS, BUILDINGS AND BRIDGES AND AUTHORIZING THE FINANCING THEREOF, INCLUDING THE ISSUE OF NOT MORE THAN $20,000,000 BONDS AND NOTES THEREFOR, TO FUND THE CAPITAL IMPROVEMENT PROGRAM FOR THE TWO FISCAL YEARS 2026 AND 2027
Awards all members of the pension system a three and one-half percent (3.5%) annual benefit adjustment applied to the first thirty thousand dollars ($30,000) of a member's retirement allowance.