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RI H7691
Bill
Status
2/11/2026
Primary Sponsor
Jennifer Stewart
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AI Summary
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Fixes the state's share for public library services at exactly 25% of the amount appropriated and expended by each city or town in fiscal year 2027, based on the second preceding fiscal year's local tax revenues and private endowment funds.
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Amends existing state aid formula which currently sets 25% as a minimum ("at least") to instead mandate a fixed 25% rate specifically for FY 2027.
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Retains the existing cap limiting state matching of private endowment funds to 6% of the three-year average market value of endowment investments.
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Takes effect immediately upon passage.
Legislative Description
Requires that the state's share to public libraries be fixed at twenty-five percent (25%) of the amount appropriated by the city or town in their budgets for fiscal year 2027.
Libraries
Last Action
Introduced, referred to House Finance
2/11/2026