RI
Rhode Island Senate Bill S1128

Rhode Island 2025 Regular Session

Rhode Island Senate Bill S1128

Introduced
6/3/25  
Refer
6/3/25  
Report Pass
6/5/25  
Engrossed
6/10/25  
Engrossed
6/20/25  

Caption

Authorizes the city of Woonsocket to levy a tax for the 2026 fiscal year at a rate of five and one-half percent (5.5%) in excess of the amount levied and certified by the city for the prior year.

Impact

The passage of S1128 would directly affect local taxation laws in Woonsocket, allowing for a higher tax rate than normally permitted under existing tax laws. This change is significant as it enables municipalities to increase their revenue streams, particularly in times of economic need or budgetary shortfalls. By allowing local tax levies to rise beyond previously certified amounts, the bill potentially enhances the city’s ability to finance essential public services and infrastructure improvements. As a result, it could also set a precedent for similar taxation adjustments in other municipalities facing similar financial situations.

Summary

S1128 is a legislative act introduced in Rhode Island that specifically authorizes the city of Woonsocket to levy a local tax at a rate of five and one-half percent (5.5%) for the fiscal year 2026. This permission allows Woonsocket to exceed the amount it levied and certified during the previous fiscal year. The bill aims to provide local governments with the flexibility to adjust taxation in accordance with their financial needs and revenue projections, consequently impacting their budgetary capabilities in public service provisions.

Sentiment

The sentiment surrounding S1128 appears to be generally supportive among local officials and residents who recognize the need for enhanced fiscal autonomy at the municipal level. However, concerns may arise among taxpayers regarding the implications of increased tax rates. Proponents argue that this measure is necessary for fiscal sustainability, while opponents may express worries about potential tax burdens and the effects on local economic conditions. The dialogue thus reflects a balance between fiscal responsibility and taxpayer considerations.

Contention

While S1128 does not seem to face significant overt opposition, the potential for contention lies in the discussion around local tax increases and their economic repercussions. Opponents of similar measures typically emphasize the need for careful consideration of the tax burden on residents and businesses, advocating for alternative solutions to municipal funding challenges. The debate underscores a broader conversation about the responsibilities of local governance in managing public finances while ensuring community welfare.

Companion Bills

No companion bills found.

Previously Filed As

RI H7589

Raises the earned-income tax credit from sixteen percent (16%) to thirty percent (30%) for the tax years 2025 and beyond.

RI S3033

Imposes an additional local hotel tax in the city of Newport, at a rate of two and one-half percent (2.5%) to be retained and used for its public infrastructure and resiliency purposes.

RI H8133

Imposes an additional local hotel tax in the city of Newport, at a rate of two and one-half percent (2.5%) to be retained and used for its public infrastructure and resiliency purposes.

RI S2589

Requires that the state's share to public libraries be fixed at twenty-five percent (25%) of the amount appropriated by the city or town in their budgets for fiscal year 2024, utilizing funds from the general fund or the American Rescue Plan Act.

RI H7335

Requires that the state's share to public libraries be fixed at twenty-five percent (25%) of the amount appropriated by the city or town in their budgets for fiscal year 2024, utilizing funds from the general fund or the American Rescue Plan Act.

RI S2583

Provides that the city of Woonsocket not be required to accept additional residential properties subject to the alternative tax assessment due to its stock of affordable housing meeting the 10% housing requirement.

RI H8109

Repeals the language that eff. 2025 fiscal year all cities/towns/fire districts would receive a reimbursement equal to the tangible property levy for the 12/31/22 assessment date less the tangible personal property levy for 12/31/25 assessment date.

RI H7652

Amends provisions relative to the levy and assessment of local taxes and would provide that the city of Providence may adopt a tax classification with unrestricted tax rates for certain classes of property.

RI H7240

Authorizes an annual two and one-half percent (2.5%) escalation for all active and retired police and firefighter's retirement pension allowance, compounded each year on January 1 following the year of retirement and continuing yearly, on that date.

RI S2582

Authorizes reassessment of taxes on new construction from the date of issuance of the certificate of occupancy or the date it is first used, whichever is the earlier.

Similar Bills

No similar bills found.