| | Advanced Search

 

Riley: Caprio Track Record Good, Seth Magaziner Claims Questioned—Riley: Caprio Track Record Good, Seth Magaziner Claims…

Guest MINDSETTER™ David Segal - Who Really Destroyed Rhode Island’s Economy?—Angel’s not a bad guy. He’s not exactly…

Johnston Sportsman Saves DEM Hunter Education Program with Big Donation—Johnston Sportsman Saves DEM Hunter Education Program with…

Horowitz: News Literacy: An Essential Skill in the Age of the Internet—Horowitz: News Literacy: An Essential Skill in the…

Newport Folk Preview – Five “Don’t Miss” Acts—The Newport Folk Festival is finally here and…

NEW: Fruits Sold in RI Recalled by California Packing Company—NEW: Fruits Sold in RI Recalled by California…

Russell Moore: Anybody But Cianci?—Russell Moore: Anybody But Cianci?

Angiulo: Non-Violent Drug Offenders May See Federal Prison Stays Shortened—Angiulo: Non-Violent Drug Offenders May See Federal Prison…

LISTEN: Smiley’s Firm Responsible for Million Dollar Reporting Error—Democratic candidate for Mayor of Providence Brett Smiley's…

Smart Benefits: Patient-Centered Outcomes Research Institute Fee Due July 31—The Affordable Care Act created the Patient-Centered Outcomes…

 
 

CHAFEE BUDGET: $11.2 Million for ‘Shovel-Ready’ Programs

Thursday, January 17, 2013

 

In an attempt to bring down the state’s unemployment rate and “stimulate construction activity”, not to mention invest in state infrastructure, Governor Chafee’s budget calls for an $11.2 million allocation from Rhode Island Capital Funds for projects determined to be “shovel-ready.”

According to Chafee’s budget proposal, the Capital Development, Planning and Oversight Commission has identified $11.2 million of programs that fit that moniker that could be moved forward in the current capital improvement plan and the state already annual appropriates, but fails to spend, millions of dollars from the fund due to project delays.

The Governor’s proposal would add $2.2 million to URI’s Asset Protection project, $1.2 million to the Judicial Agencies’ Judicial Complexes-HVAC project, $1.1 million to URI’s Fire Safety & Protection Academic and Administration project and another $1.0 million to the Department of Administration’s Pastore Power Plant Rehabilitation project.

In all, the funds would bring total spending on such projects from the currently-budgeted $19.5 million to a revised total of $30.6 million.

The governor also proposed $10 million in financing for a Local Roads and Streetscape Program in the 2014 fiscal year.

Under this plan, local roads would be improved through a “streamlined process” to allow local communities to select the roads most in need of resurfacing and to implement these projects on the local level.

Further, the funding for the program would be formula driven based on mileage within each municipality, with a minimum of $100,000 going to each of Rhode Island’s 39 cities and towns.

According to Chafee’s budget proposal, the $10.0 million comes from premiums received on the 2012 general obligation bond issuance.”

 

Related Articles

 

Enjoy this post? Share it with others.

Comments:

Yeah, this has been going on in Massachusetts for 3 years now, and the figure is more like $250M.

Way to keep up Linc.
What a disgrace.

Comment #1 by pearl fanch on 2013 01 17




Commenting is not available in this channel entry.