HB 8581 amends the Education Equity and Property Tax Relief Act to remove a cap that previously limited how much local funding for charter schools could be reduced starting in fiscal year 2026. Under the current law, local districts pay charter schools a reduced per-pupil amount, but this bill would eliminate the restriction that keeps that reduction at no more than 14%. The legislation directly affects local school districts and charter public schools, including specific career and technical centers, by altering the calculation of local financial contributions. If passed, the change would allow local districts to apply a larger reduction to the per-pupil funding they provide to these schools, though the specific reduction formula remains unchanged.
This bill modifies the Education Equity and Property Tax Relief Act by removing the cap that limits reductions to local per-pupil funding for charter schools at 14% starting in fiscal year 2026. It directly affects charter public schools, the William M. Davies Jr. Career and Technical High School, and the Metropolitan Regional Career and Technical Center, as well as the school districts that host their students. Under the current law, districts can reduce funding by up to 14% to offset costs like non-public textbooks and retiree health benefits, but this measure would allow for reductions exceeding that percentage once the fiscal year 2026 limit expires. The legislation also outlines how enrollment changes and state share calculations are handled and specifies that districts failing to make required payments could face withholding of state aid.
Prohibits cities or towns that implement a rent control ordinance from raising property taxes and such prohibition would last for as long as the rent control ordinance is in effect.
Prohibits cities or towns that implement a rent control ordinance from raising property taxes and such prohibition would last for as long as the rent control ordinance is in effect.
SB 2039 exempts AS220's real and tangible personal property located in Providence from property taxes. This bill amends Rhode Island's property tax code to add AS220 to the list of entities qualifying for tax exemptions. The exemption directly affects AS220's properties in Providence, removing their tax liability under the state's existing exemption framework.
Places a cap of twenty percent (20%) on increases in consecutive revaluations of real property in all cities and towns conducting revaluations commencing December 31, 2026, and every December 31 thereafter.
SB 2036 exempts the real and tangible personal property of Blithewold, Inc. (located at 101 Ferry Road, Bristol, Rhode Island) from property taxation. This bill amends Rhode Island's tax code to add Blithewold, Inc. to the list of entities eligible for property tax exemptions under Section 44-3-3. The exemption applies specifically to the organization's property at that Bristol address, directly affecting Blithewold, Inc.'s tax obligations. The change is a targeted exemption for a single organization, not a broad policy shift.
