November 4 Ballot Includes $90 Million in State Bond Issues

On Election Day, state officials will ask voters to approve funding for road and bridge improvements as well as open space and recreation.

Here is more information including the amount of each bond issue, a description of the proposed uses of the funding and the estimated cost of the each bond issue including the estimated interest payments as well as the cost of issuing the bonds.

Definitions of Terms

Estimated Cost of Borrowing

Question 1 - Transportation

The state Department of Transportation proposes to issue $87,215,000 in bonds.

Explanation of Transportation Bonds

Question 2 - Open Space and Recreation

The state Department of Environmental Management proposes to issue $2,500,000 in bonds.

Explanation of Open Space and Recreational Development Bonds

For more information about the Open Space and Recreational Development Bonds, contact joe.dias@dem.ri.gov.