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Rhode Islanders approve $400 million in bond questions

Rhode Islanders approve $400 million in bond questions
Published Wed Mar 03 2021 22:54:16 GMT+0000 (Coordinated Universal Time)
Rhode Islanders approved $400 million in bond measures in Tuesday’s special election to fund projects ranging from affordable housing to facilities upgrades for higher education.
by Julia Moro
The bond questions asked Rhode Islanders to borrow millions of dollars for various projects.
Michael DiBiase, CEO of Rhode Island Public Expenditure Council says the state will benefit in the long-term by investing in infrastructure, childcare, the environment and more.
“It’s common and responsible for states to borrow money for capital infrastructure; these are long-term investments,” said DiBiase. “You could always talk about, would it be more conservative to not borrow, but I don’t think that’s a wise approach because then you wouldn’t have the benefits of these assets over time.” ....

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Voters give their approval for a bond to raise money for projects.

Rhode Island voters on Tuesday approved seven proposals that call for the financing of public projects with borrowed money.
The most popular proposal to win approval in Tuesday s referendum calls for borrowing $74 million for environmental and recreation projects. It drew 78% of the vote.
The borrowing package finances a wide range of spending from $33 million for upgrades at state beaches and parks to $6 million for dredging the Providence River.
The $7 million for municipal resiliency initiatives to help cities and towns deal with rising seas and climate change was dear to Jeffrey R. Diehl, one of the many ballot proponents who was quite pleased with the mid-winter decisions of referendum voters. ....

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ELECTION: Voters hit the polls to decide on more than $400 million in borrowing for state projects.

ELECTION: RI voters approve all 7 ballot questions, $400 million in borrowing
Mark Reynolds, The Providence Journal
© David DelPoio
Voter and teacher Katharine Amaral at Temple Beth-El in Providence.
Rhode Island voters headed to the polls Tuesday, looked over a shopping list of public projects and opted to borrow about $400 million to finance all of them, from renovations at Rhode Island College to pier reconstruction at Quonset Point.
The highly unusual set of ballot questions, posed in the middle of the winter and outside the context of a general election, won approval with tallies that in some cases were quite close.
The most tightly contested question was the first one on the ballot, for more than $107 million in borrowing for public college construction projects. ....

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Rhode Island Voters Approve All 7 Questions In Special Election

Rhode Island Voters Approve All 7 Questions In Special Election - Cranston, RI - The seven budget questions were pushed to a special election due to coronavirus-related delays in the state budget. ....

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How Coventry Voted In The March 2 Special Election

How Coventry Voted In The March 2 Special Election - Coventry, RI - All seven of the statewide budget questions were approved by Rhode Island voters. ....

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