Carmela Corte

This document outlines Governor McKee's FY 2027 Capital Budget and FY 2027-FY 2031 Capital Improvement Program, totaling $12.629 billion from all funding sources. The plan sustains capital investments and targets new ones across critical areas including health and human services, general government (asset protection, IT systems), natural resources (water infrastructure, green economy, recreational resources), education (facilities), public safety (barracks, correctional facilities), and transportation. It also details proposed general obligation bond referenda for November 2026 to fund initiatives in higher education, housing and homeownership, economic development, career and technical education, green economy, and cultural economy.

The agenda for the meeting included the Call to Order and Chair Remarks. Key discussion topics featured a presentation and feedback session regarding the Rhode Island Statewide Coastal Resilience Plan, specifically concerning drinking water within the Resilient Rhody initiative, led by the RIDEM Chief Resilience Officer. The meeting also included committee reports, such as the Drought Steering Committee Chair Report reviewing current conditions, discussions pertaining to 2026 legislation and budget matters, and updates on Board Members, Appointments, and Leadership, followed by opportunities for public input.

This report details the State of Rhode Island's planning and spending activities for the State Fiscal Recovery Fund (SFRF) under the American Rescue Plan Act (ARPA). The strategy aims to mitigate the negative impacts of the COVID-19 pandemic through near-term expenditures and foster long-term economic transformation and modernization. Key strategic pillars include providing aid to small businesses and impacted industries, supporting children, families, and early education, expanding housing initiatives, and investing in public infrastructure and technology. The plan seeks to ensure a strong, equitable recovery, sustainable economic prosperity, and improved access to essential services for all Rhode Islanders.

This report details the State of Rhode Island's planning activities for the use of $1.13 billion in State fiscal recovery funds from the American Rescue Plan Act of 2021. The plan prioritizes equitable use of these funds, addressing immediate public health crises, and providing critical assistance to households and businesses. Key areas of focus include promoting equitable outcomes, mitigating negative economic impacts, supporting disproportionately impacted communities, and ensuring robust community engagement and sound labor practices. The overarching goal is to achieve a long-term, sustainable recovery that fosters a more equitable and prosperous future for all Rhode Islanders, particularly those historically underserved.

The Council discussed the Get the Foam Out! initiative, which is designed to provide upfront funding for projects and will enhance environmental awareness and help support LEAs comply with the forthcoming Styrofoam ban. The grant program will help LEAs start to eliminate the 11.5 million single use trays that are used each year in Rhode Island schools. The Council is recommended to approve the allocation of $2,661,793 of the Fiscal Year 2024 SBA Capital Fund.