SB 3358: AN ACT AUTHORIZING THE CITY OF CRANSTON TO FINANCE THE ACQUISITION, IMPROVEMENT, RENOVATION AND REPAIR OF FIRE AND PUBLIC SAFETY EQUIPMENT BY THE ISSUANCE OF NOT MORE THAN $8,000,000 GENERAL OBLIGATION BONDS AND NOTES THEREFOR
SB 3358 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 being allowed to borrow up to $8 million to buy new equipment and make repairs for the city’s fire and police departments.
Key analysis
Impact analysis
Environment
Benefits
- No direct environmental impact identified.
Risks
- No direct environmental impact identified.
Economy
Benefits
- Provides capital for necessary municipal equipment procurement.
- Stimulates local public safety supply sector.
Risks
- Increases municipal debt obligations for taxpayers.
- Potential long-term interest costs associated with bonds.
Society
Benefits
- Enhances fire and public safety response capabilities.
- Improves equipment reliability for emergency services.
Risks
- Costs of debt servicing could potentially displace other municipal spending.
How trustworthy & consequential it is
Source
OpenStates
Confidence
lowlow
Analysis status
OpenStates summary
Municipal bond issuance carries inherent interest and debt-servicing risks for city taxpayers.
Analysis based on summary only; full text regarding specific debt terms not reviewed.
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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