Submits the state's 2026 capital development program requesting the issuance of general obligation bonds totaling one hundred million dollars ($100,000,000) for approval of the electorate at the general election to be held in November, 2026.

Rhode Island 2026 Capital Development Bond Bill

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 $100 million through the sale of general obligation bonds. General obligation bonds are essentially loans that the state takes out, which are repaid over time using state tax revenue. The money would fund the state's 2026 capital development program, which typically covers large, long-term investments in public infrastructure and facilities.

If approved by voters, the borrowed funds would be directed toward capital projects — things like construction, renovation, or major improvements to state-owned buildings, roads, public spaces, or other infrastructure. The specific projects that would receive funding would be outlined in the broader capital development program. Because these are general obligation bonds, the state's full financial backing is pledged to repay them, meaning taxpayers ultimately guarantee the debt.

This bill directly affects all Rhode Island residents and taxpayers. Voters would have the final say on whether the state can take on this debt, and if approved, taxpayers would be responsible for repaying the bonds over time through the state budget. The upside for residents is that the projects funded could improve public services and infrastructure across the state.

Currently, the bill has been introduced in the Senate and referred to the Senate Finance Committee, where it has been recommended to be held for further study. No final vote has been taken yet, and the bill would need to advance through the legislative process before any ballot question is finalized.