AN ACT RELATING TO TOWNS AND CITIES -- STATE AID

This bill directs the Rhode Island General Assembly to provide annual funding to the town of Exeter to replace property taxes that would normally be levied on state-owned land within that municipality. The legislation specifically amends existing laws to ensure Exeter receives financial compensation for state properties, distinguishing it from other towns that receive similar aid for exempt private schools or hospitals. By securing these appropriations, the bill aims to offset the revenue loss the town faces due to tax exemptions on state facilities, with the funds intended to support general municipal services.