Rhode Island House Bill H7918

Rhode Island 2024 Regular Session

• Introduced: 3/4/24
• Refer: 3/4/24

Caption

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.

Impact

If approved by voters, H7918 would authorize the state to issue bonds that are exempt from state taxation, thereby facilitating increased funding for capital projects with a focus on bicycle mobility. The proposal is positioned as a way to improve transportation infrastructure, which could, in turn, promote economic development through enhanced accessibility. By offering a recreational link throughout all corners of the state, it seeks to appeal to residents and tourists alike, fostering a culture centered around cycling as an environmentally friendly mode of transport.

Summary

House Bill H7918 proposes the issuance of $25 million in general obligation bonds for the development of a statewide bicycle system in Rhode Island. This initiative aims to create a seamless off-road and on-street network that enhances both transportation and recreational opportunities across the state. The bill mandates that the proposition be put to a vote during the general election on November 5, 2024, allowing the electorate to decide on the funding for this capital development project.

Contention

While the bill aims to address important infrastructure needs, it may face opposition from constituents concerned about state debt and fiscal management. The necessity for voter approval indicates a level of accountability, yet skeptics might argue that the funds could be better allocated to other pressing concerns. The discussions around H7918 highlight a broader debate about transportation funding in the state and the prioritization of bicycle infrastructure relative to other modes of transportation.