Pawtucket voters decide on borrowing for public buildings

If voters approve the act, Pawtucket may issue up to $5 million in bonds and notes for public building work and related costs. The money may pay for building construction, renovation, improvement, repair, alteration, furnishings, equipment, and related costs in Pawtucket. A majority of voters voting on the question must approve the act before the borrowing authority takes effect. The question goes to voters at the next general election, unless an earlier qualifying special election is called and the mayor sends it to that election. The borrowing authority takes effect after voter approval.

The city must provide for yearly principal and interest payments on bonds and notes issued under the act. This applies to bonds and notes issued under the act. The city must use money available for the payments; any amount not provided must be added to the annual tax levy. Taxable property in Pawtucket may be taxed without a rate or amount limit to provide for the payments. The city must provide for principal and interest due each year.