Home / Education / Task force: State should borrow $500 million for schools

Task force: State should borrow $500 million for schools

PROVIDENCE, R.I. (AP) — A school infrastructure task force is recommending Rhode Island borrow $500 million to repair the state’s schools by 2022.

Under the Rhode Island School Building Task Force’s proposal, the state would ask voters to approve a $250 million bond when they head to the polls next November and approve the bond again in 2022 to help fund the repairs. WPRI-TV reports the projected cost represents about half of Rhode Island’s borrowing capacity for the next decade.

The task force, which is co-chaired by General Treasurer Seth Magaziner and Education Commissioner Ken Wagner, is expected to vote on a final version of the report next week.

Democratic Gov. Gina Raimondo says she will use the recommendations as a guide for the upcoming fiscal budget — which is due next month.

Web Only

Back to Top

About admin

Check Also

State Education Support – Education Week

Report Roundup “Getting Down to Facts 2” Despite investing in education data systems, California produces ...

Leave a Reply

Your email address will not be published. Required fields are marked *