Pawtucket voters decide whether the city can borrow for road safety work

The law allows Pawtucket to issue bonds and notes up to a total of $2.5 million for road safety work. The money may pay to improve or replace road safety features and traffic control devices in Pawtucket, along with related costs. A majority of those voting on the question must approve the act before this authority takes effect. The borrowing authority takes effect only after voter approval.

The law requires the city to provide for yearly payments on bonds and notes issued under this act. This applies to principal and interest due each year on bonds and notes issued under the act. The city must appropriate enough to pay principal and interest due that year if other money does not cover them. If it does not, the amount is added to the annual tax levy; taxable property may be taxed without a rate or amount limit to provide it. The payment requirement applies each year that principal or interest comes due.