Rhode Islanders approve $400 million in bond questions Published Wed Mar 03 2021 22:54:16 GMT+0000 (Coordinated Universal Time) Rhode Islanders approved $400 million in bond measures in Tuesday’s special election to fund projects ranging from affordable housing to facilities upgrades for higher education. by Julia Moro
The bond questions asked Rhode Islanders to borrow millions of dollars for various projects.
Michael DiBiase, CEO of Rhode Island Public Expenditure Council says the state will benefit in the long-term by investing in infrastructure, childcare, the environment and more.
“It’s common and responsible for states to borrow money for capital infrastructure; these are long-term investments,” said DiBiase. “You could always talk about, would it be more conservative to not borrow, but I don’t think that’s a wise approach because then you wouldn’t have the benefits of these assets over time.”