A $40 million dollar bond for general school improvements proposed by Governor Raimondo was removed from the state budget, approved early Wednesday morning by the House Finance Committee. The money was earmarked for various construction projects in Rhode Island’s schools.
While Rhode Island has a significant number of aging school facilities, Tim Duffy, executive director of the Rhode Island Association of School Committees, said cities and towns still will have to find other alternatives to fund improvements.
"Local districts can still go to bond," said Duffy "it’s just that, in this instance, it would have been the state that would’ve incurred the debt."
Duffy said the General Assembly was concerned about the state’s general bond indebtedness when it removed the item from the budget.
According to a press release from the House, any school-related borrowing will be delayed until an ongoing study of the state's school construction needs is complete. The average Rhode Island school is more than 60 years old.
A $20 million dollar bond for the Port of Providence was also removed from the governor's budget proposal.