Rhode Island Question 3: Economic development
Rhode Island · General obligation bond · Bonds · Statewide decision
Explanation reviewed 2026-10-27. AI-written and checked against linked official evidence; not an election-office summary.
AI-written summary
Would allocate $55 million to site acquisition, preparation and infrastructure, and $45 million to infrastructure for ocean, defense, life-science, data and related industries.
What applies now
The state has not yet received voter authorization for this specific bond package.
If yes / for
Approve the proposed borrowing.
If no / against
Reject this borrowing authorization.
Costs and funding
Principal: $100,000,000. The guide estimates $60,483,750 in interest and $160,483,750 total cost, including issuance costs, assuming 20-year repayment at 5%. Actual costs may differ.
Timing
Borrowing provisions take effect after certification of voter approval. Guide anticipates starts in mid-to-late 2027, with many projects undertaken within five years.
Passage rule
A majority of votes cast on the individual bond question.