Rhode Island proposes a $100 million bond issuance for statewide transit improvements.

The bill proposes a $100 million bond issuance for the Rhode Island 2026 capital development program, specifically for the statewide transit system. The bond issuance will be submitted to the electorate for approval in the November 2026 general election. If approved, the bonds will fund improvements such as fare technology upgrades, safety enhancements at bus stops, and operational support infrastructure. The proceeds will be used for construction, rehabilitation, and equipment costs. The bonds will be exempt from state taxation and will be general obligations of the state.

Rhode Island proposes a $100 million bond issuance for statewide transit improvements.

The bill proposes a $100 million bond issuance for the Rhode Island 2026 capital development program, specifically for the statewide transit system. The bond issuance will be submitted to the electorate for approval in the November 2026 general election. If approved, the bonds will fund improvements such as fare technology upgrades, safety enhancements at bus stops, and operational support infrastructure. The proceeds will be used for construction, rehabilitation, and equipment costs. The bonds will be exempt from state taxation and will be general obligations of the state.