Rhode Island 2023 Regular Session

Rhode Island Senate Bill S0254

Introduced

2/16/23

Refer

2/16/23

Caption

The Education Equity And Property Tax Relief Act

Impact

By linking education aid to housing success metrics, S0254 represents a significant shift in funding dynamics. The bill stipulates that communities exceeding the established housing targets will receive an increase in their education aid by two percent for each percentage point they surpass the minimum requirements. This mechanism is designed not only to promote the construction of affordable housing but also to leverage local government actions that align with state educational equity goals.

Summary

S0254, known as the Education Equity and Property Tax Relief Act, aims to adjust the foundation education aid received by communities based on their success in meeting low- and moderate-income housing goals. Effective from January 1, 2024, communities will be evaluated on their progress over a five-year period to ensure that at least ten to fifteen percent of housing units are designated for low- and moderate-income individuals, as defined in existing laws. This new criterion for education funding is intended to create an incentive for municipalities to increase their supply of affordable housing.

Contention

There are potential points of contention surrounding S0254. While supporters argue that the bill could lead to enhanced educational support in communities that step up to address housing needs, critics may raise concerns regarding the feasibility of achieving such housing goals. Some local government officials might feel that they lack the resources to meet the housing requirements, which could penalize their education funding, ultimately affecting the quality of education available to students in those communities. Furthermore, the equity of this approach may be scrutinized, particularly in areas where housing markets are already strained.