This Senate resolution asks the Rhode Island Department of Elementary and Secondary Education to fully implement all parts of the state's education funding formula as required by law. The bill specifically targets areas where the department has not yet fully applied statutory funding rules, particularly for students with the greatest needs, multilingual learners, and poverty index calculations. It directs the department to review and ensure complete compliance with existing funding statutes, including how permanent foundation aid is distributed and how local and state shares are calculated. The resolution formally requests this action and authorizes the Secretary of State to send copies to key education officials and the Governor.
This bill proposes to increase the minimum veterans' property tax exemption from $1,000 to $6,000 for municipal taxes. It directly affects veterans who own taxable property, allowing them to deduct a larger portion of their property value from their tax bill. The change would apply to local property taxes rather than state taxes, reducing the amount of tax owed by eligible veterans. The measure is currently under review by the Senate Housing and Municipal Government committee and has been held for further study.
Bars the council from granting approval to create or expand a charter school beginning operations in 26-27 school year and bars the state from approving or appropriating funds to a new charter school not approved before July 1, 2025.
Establishes a child tax credit in the amount of three hundred thirty dollars ($330) for eligible taxpayers adjusted for inflation annually commencing January 1, 2027.
Authorizes the City of Central Falls to issue bonds and notes in an amount not exceeding $25,000,000 to finance the construction, renovation, improvement, alteration, repair furnishing and equipping of schools and school facilities in the city.
Exempts from taxation the property of the nonprofit Mount St. Rita Health Centre located in Cumberland, RI. The exemption would be effective as of December 31, 2025.
This bill modifies how unclaimed property funds are handled in Rhode Island to support the state's baby bonds trust program. Instead of depositing all unclaimed property proceeds into the general state fund, the legislation directs that $3,000 be allocated annually for each baby born in the previous year to fund the trust program. The remaining unclaimed property funds continue to go to the general fund, while administrative costs for managing and selling abandoned property can be deducted before transfers. The changes would take effect on July 1, 2027, and apply to the state's unclaimed property administrator who oversees these financial transactions.
Authorizes the City of Central Falls to issue bonds and notes in an amount not exceeding $25,000,000 to finance the construction, renovation, improvement, alteration, repair furnishing and equipping of schools and school facilities in the city.
Provides an eight percent (8%) tax rate for those properties that are encumbered by a deed restriction for low-income housing set at eight percent (80%) or sixty percent (60%) of adjusted median income established by HUD.
Authorizes the appropriation of the sum of five million dollars ($5,000,000) to the RI Public Transit Authority to continue services, hire and train more bus operators, and implement the State's Act on Climate goals.
