ECONOMIC DEVELOPMENT
fiscal_impact assembled from labeled cells of the handbook's cost table (values verbatim; table layout not reproducible as prose).
Rhode Island publishes no official pro/con arguments.
Ballot also carries the general question: "Shall the act passed by the General Assembly at the January 2026 session ... be approved ...?" (handbook p.8).
3. ECONOMIC DEVELOPMENT - $100,000,000 To fund site development and growth industry infrastructure for economic development purposes, to be allocated as follows: a. Site Development - $55,000,000 b. Growth Industry Infrastructure - $45,000,000
Your vote to “Approve” means that you support the State issuing $100,000,000 in general obligation bonds for economic development purposes.
Your vote to “Reject” means that you are against the State issuing $100,000,000 in general obligation bonds for economic development purposes.
a) Site Development - $55,000,000 Approval of this bond will provide fifty-five million dollars ($55,000,000) to support land acquisition or assembly, environmental remediation, infrastructure and utility installation, site preparation or development, and project investments. Eligible uses include, but are not limited to, large-scale industrial site development, improvements within the Quonset Business Park, and land acquisition, preparation, and project investments within the I-195 District. b) Growth Industry Infrastructure - $45,000,000 Approval of this bond will provide forty-five million dollars ($45,000,000) to support infrastructure, facilities, projects, and investments related to Rhode Island’s ocean, defense, life sciences, data analytics/cybersecurity, and related industries. Eligible uses include, but are not limited to, water-based test ranges, onshore ocean- or defense-related innovation and production facilities, and investments that advance businesses and job growth in the life sciences.
How much money will be borrowed? $100,000,000; Total Costs $160,483,750. * Cost of issuance estimated at 0.4% of principal issued. ** Assumes an interest rate of 5%, with bonds amortized with level payments over 20 years.
Not published by the state
Not published by the state
Both columns use the same layout. Text is quoted from the official state guide. Views expressed belong to the argument authors.