Bill > S1128

This bill authorizes the city of Woonsocket, Rhode Island, to increase its local tax levy for the 2026 fiscal year by 5.5% above the amount levied in the previous year, despite any existing legal restrictions that might normally limit such an increase. The bill amends Chapter 44-5 of the state's General Laws, which governs the levy and assessment of local taxes, by adding a specific provision that provides a temporary exception for Woonsocket. This type of legislation is sometimes necessary to give municipalities additional fiscal flexibility, particularly in situations where the city may need extra revenue to meet budgetary requirements or address financial challenges. The bill would take effect immediately upon its passage by the General Assembly, meaning the city could implement this tax increase for its 2026 fiscal year as soon as the bill becomes law.

Budget and Finance

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