Submits the state's 2026 capital development program relating to green bonds requesting the issuance of general obligation bonds totaling $60,000,000 for approval of the electorate at the general election to be held in November, 2026.

Rhode Island 2026 Green Bonds Ballot Measure

This bill would place a question on Rhode Island's November 2026 general election ballot, asking voters whether the state should be allowed to borrow $60 million through what are called "green bonds." If voters approve, the state would issue general obligation bonds — essentially a form of government borrowing — to fund environmentally focused projects. General obligation bonds are backed by the state's full credit and are repaid over time, typically using tax revenue.

The specific projects that would receive this funding are tied to Rhode Island's 2026 capital development program. Green bonds are generally used to finance initiatives related to environmental protection, clean energy, climate resilience, open space preservation, clean water infrastructure, or similar sustainability efforts. The exact breakdown of how the $60 million would be spent would be outlined in the full program details accompanying the bill.

This bill directly affects Rhode Island voters, who would have the final say on whether the borrowing is approved. If passed at the ballot box, it would also affect Rhode Island taxpayers, since repaying the bonds would become a long-term financial obligation of the state. Environmental and conservation programs, state agencies, and communities that benefit from green infrastructure projects could also be impacted depending on how the funds are ultimately allocated.

Currently, the bill has been introduced and referred to the House Finance Committee, where lawmakers will review it before deciding whether to advance it toward the 2026 ballot.