SB 3355: AN ACT AUTHORIZING THE CITY OF CRANSTON TO ISSUE NOT TO EXCEED $25,000,000 GENERAL OBLIGATION BONDS, NOTES AND OTHER EVIDENCES OF INDEBTEDNESS TO FINANCE THE PURCHASE AND/OR ACQUISITION OF LAND AND BUILDINGS, CONSTRUCTION, RENOVATION, IMPROVEMENT, ALTERATION, REPAIR, LANDSCAPING, FURNISHING AND EQUIPPING OF SCHOOLS AND SCHOOL FACILITIES THROUGHOUT THE CITY
SB 3355 status: To Governor — 06/26/2026 Effective without Governor's signature (updated Jun 26, 2026).
What this bill does
Overall score
Bill summary
OfficialCranston is allowed to borrow up to $25 million by selling bonds. The city will use this money to buy new land or buildings, and to renovate, fix up, or equip the property it already owns.
Key analysis
Impact analysis
Environment
Benefits
- potential for energy-efficient upgrades during renovations
Risks
- no specific environmental requirements identified
Economy
Benefits
- stimulates local construction and contracting sectors
- improves long-term municipal educational assets
Risks
- increases long-term municipal debt obligations
- potential for future tax levy impacts to service debt
Society
Benefits
- upgrades learning environments for students and staff
- addresses facility maintenance and overcrowding needs
Risks
- uneven distribution of facility improvements across the district
How trustworthy & consequential it is
Source
OpenStates
Confidence
lowlow
Analysis status
OpenStates summary
Local taxpayers will ultimately bear the financial responsibility for debt service
Analysis based on summary abstract only
Where it stands
Introduced
CompleteCommittee
CompleteFloor
CompleteGovernor
Current06/26/2026 Effective without Governor's signature
Enacted
UpcomingHow it affects your district
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