Special Committee on Ways & Means Tuesday 7/14/2026

The Providence City Council's Special Committee on Ways & Means met on July 14, 2026, to discuss and approve two significant bond issuances related to city capital projects. The first was a $140 million school bond, previously approved by voters in 2020, intended to fund ongoing school construction projects including Pazerian School, Messer, and Mount Pleasant College and Career Project. The bond is expected to close by early October 2026, with proceeds covering project costs and capitalized interest for approximately three years. The second bond discussed was a $26.5 million CIP bond to be issued through the Public Building Authority, aimed at funding projects approved in the city's recent two-year comprehensive improvement plan. This bond is anticipated to close by early September 2026. Both bonds include costs for issuance, underwriting, and bond insurance to reduce interest expenses. The committee approved both items, enabling the city to proceed with the necessary financial steps to support these capital improvement projects.