Establishes an agricultural restricted receipt account within the department of environmental management. An advisory committee would be established to determine suggested uses of the funds in said account.
Imposes a non-owner occupied property tax on residential properties assessed in excess of eight hundred thousand dollars ($800,000) at variable rates dependent on values assessed by local tax assessors.
Establishes that a renewable energy resource shall pay $5.00 per kilowatt hour of alternating current nameplate capacity for tangible property and $3.50 per kilowatt hour of alternating nameplate capacity for real property.
Increases the maximum amount of the Kingston water district bonding authority from four million dollars ($4,000,000) to fifteen million dollars ($15,000,000).
Allows members of the retirement system who served in the national guard or reserves and qualify as veterans, to purchase retirement service credits based on their years of service in the National guard or reserves.
Allows an individual, who is a first-time homebuyer, to contribute funds to a first- time homebuyers saving account with Rhode Island Housing to pay for eligible costs to purchase a home.
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.
Allows teachers, state and municipal employees to retire upon the earlier of reaching age sixty (60) with thirty (30) years of service or the employee's retirement eligibility date under present state statutes.