2022 -- S 2462

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LC005257

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2022

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J O I N T   R E S O L U T I O N

MAKING AN APPROPRIATION IN THE FISCAL YEAR 2022-2023 BUDGET TO FUND

PAYMENTS IN LIEU OF TAXES (PILOT) AT THE FULL TWENTY-SEVEN PERCENT

LEVEL

     

     Introduced By: Senators Zurier, Miller, Kallman, Bell, and Quezada

     Date Introduced: March 01, 2022

     Referred To: Senate Finance

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     WHEREAS, Section 45-13-5.1 of the Rhode Island General Laws directs the General

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Assembly to appropriate funds to cities and towns as payments in lieu of taxes (PILOT) for

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revenue lost due to real property tax exemptions; and

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     WHEREAS, Section 45-13-5.1(a) of that law prescribes a benchmark of twenty-seven

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percent (27%) of lost property tax revenue for the State appropriation to cities and towns to the

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extent that funding is available, with reductions pro rata to cities and towns in the event that the

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General Assembly does not appropriate the full amount defined by the benchmark; and

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     WHEREAS, The General Assembly appropriated the full twenty-seven percent for

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several years but has not done so recently; and

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     WHEREAS, A full appropriation would be beneficial to the cities and towns that incur

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burdens providing services to these tax exempt entities; and

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     WHEREAS, Many of the affected cities and towns face ongoing fiscal difficulties; now,

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therefore be it

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     RESOLVED, That there is hereby appropriated, out of any money in the treasury not

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otherwise appropriated for the fiscal year 2022-2023, a sum sufficient to fund payments in lieu of

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taxes (PILOT) at twenty-seven percent (27%); and the state controller is hereby authorized and

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directed to draw his orders upon the general treasurer for the payment of said sum, or so much

 

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thereof as may be from time to time required, upon receipt of properly authenticated vouchers.

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

J O I N T   R E S O L U T I O N

MAKING AN APPROPRIATION IN THE FISCAL YEAR 2022-2023 BUDGET TO FUND

PAYMENTS IN LIEU OF TAXES (PILOT) AT THE FULL TWENTY-SEVEN PERCENT

LEVEL

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     This joint resolution would authorize the appropriation a sum sufficient to fund payments

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in lieu of taxes at the full twenty-seven percent.

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LC005257

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