Rhode Island 2022 Regular Session

Rhode Island Senate Bill S2462

Introduced

3/1/22

Refer

3/1/22

Report Pass

6/16/22

Engrossed

6/21/22

Caption

Joint Resolution Making An Appropriation In The Fiscal Year 2022-2023 Budget To Fund Payments In Lieu Of Taxes (pilot) At The Full Twenty-seven Percent Level (this Joint Resolution Would Authorize The Appropriation A Sum Sufficient To Fund Payments In Lieu Of Taxes At The Full Twenty-seven Percent.)

Impact

The passage of S2462 would significantly impact state laws by mandating funding for local governments as a means to counteract the effects of property tax exemptions. This resolution seeks to revert back to a previously established funding practice that has faltered in recent years, thus affirming the state's commitment to support its municipalities more effectively. With the appropriation set at the defined benchmark of 27%, local governments would have a clearer financial outlook and better tools to manage vital community services.

Summary

S2462 is a joint resolution introduced in 2022 that requests the appropriation of funds in the fiscal year 2022-2023 budget to support payments in lieu of taxes (PILOT) at a full 27% rate. This bill acknowledges the financial challenges faced by local governments in Rhode Island due to revenue lost from real property tax exemptions. By ensuring that municipalities receive adequate compensation for this loss, the bill aims to alleviate some of the fiscal burdens these communities face while providing services to tax-exempt entities.

Contention

Notably, the bill's journey through the legislative process saw unanimous approval, with a vote tally of 37 yeas and no nays during its final vote on June 21, 2022. The overwhelming support can be indicative of shared recognition among legislators of the importance of adequately funding local administrations. However, discussions around such appropriations often highlight the ongoing challenges in balancing state budget constraints while ensuring local governments are sustainably funded, which suggests that voters and taxpayers may still have concerns about the broader implications of tax policy and local governance.

Latest RI S2462 Activity

View All Events: RI 2022 Regular Session S2462

Companion Bills

No companion bills found.

Previously Filed As

RI H7707

JOINT RESOLUTION MAKING AN APPROPRIATION OF $800,000 TO WATERFIRE PROVIDENCE (This resolution would authorize the appropriation of the sum of $800,000 to WaterFire Providence.)

RI S0453

Requires that the state's share to public libraries be fixed at twenty-five percent (25%) of the amount appropriated by the city or town in their budgets for fiscal year 2026.

RI H7691

Requires that the state's share to public libraries be fixed at twenty-five percent (25%) of the amount appropriated by the city or town in their budgets for fiscal year 2027.

RI H5400

Requires that the state's share to public libraries be fixed at twenty-five percent (25%) of the amount appropriated by the city or town in their budgets for fiscal year 2026.

RI H5478

JOINT RESOLUTION MAKING AN APPROPRIATION OF $500,000 TO NORA'S HAVEN (This resolution would authorize the appropriation of the sum of $500,000 to fund the vital services provided by Nora’s Haven.)

RI S0252

JOINT RESOLUTION MAKING AN APPROPRIATION OF $2,000,000 TO THE ELISHA PROJECT (This resolution would authorize the appropriation of the sum of $2,000,000 to the Elisha Project.)

RI H8299

JOINT RESOLUTION MAKING AN APPROPRIATION OF TWENTY MILLION DOLLARS ($20,000,000) TO SUPPORT GREEN ECONOMY AND CLEAN ENERGY BOND INITIATIVES (Authorizes the appropriation of the sum of $20,000,000 to support the green economy and clean energy bond initiatives.)

RI H6017

JOINT RESOLUTION MAKING AN APPROPRIATION OF $450,000 TO THE RHODE ISLAND FOOD BANK (This resolution would authorize the appropriation of the sum of $450,000 to the Rhode Island Food Bank.)

RI H5760

Raises the earned-income tax credit from twenty percent (20%) to thirty percent (30%) for the tax years 2026 and beyond.

RI A4010

Amends Fiscal Year 2026 annual appropriations act to extend ANCHOR benefits to certain individuals who make payments in lieu of property taxes.

Similar Bills

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MD HB390

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MD HB0390

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MD HB350

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PA HB1330

To provide appropriations from the General Fund for the expenses of certain agencies of the Executive Department for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2025.

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To provide appropriations from the General Fund for the expenses of the Executive, Legislative and Judicial Departments of the Commonwealth, the public debt and the public schools for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2025; to provide appropriations from special funds and accounts to the Executive and Judicial Departments for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2025; to provide for the appropriation of Federal funds to the Executive and Judicial Departments for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2025; and to provide for the additional appropriation of Federal and State funds to the Executive and Legislative Departments for the fiscal year July 1, 2024, to June 30, 2025, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2024.

PA SB1220

To provide appropriations from the General Fund for the expenses of the Executive, Legislative and Judicial Departments of the Commonwealth, the public debt and the public schools for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2026; to provide appropriations from special funds and accounts to the Executive and Judicial Departments for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2026; to provide for the appropriation of Federal funds to the Executive and Judicial Departments for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2026.