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Financing

On November 6, 2018, Rhode Island voters approved the Statewide School Construction Bond. The bond activated six new temporary bonus incentives and access to $250 million in upfront funding to support the state share of foundation school housing aid. 

The state share of foundation school housing aid for the BWRSD currently stands at 63% reimbursement.

These added bonuses are to incentivize districts, like the BWRSD, with additional reimbursement of up to 20%. This is upfront funding to reduce the district’s total bond amount and reimburse interest on district construction bonds. The state of Rhode Island is committed to this once in a generation initiative to create 21st century learning environments across the state.

Voters in Bristol and Warren approved the school bond for up to $200 million to replace Mt. Hope High School and renovate Kickemuit Middle School, and the three elementary schools (Colt Andrews, Rockwell, and Hugh Cole) in the district.  RIDE approved our capital plan with a guaranteed 63%, but potential for 83%, of reimbursement costs from the state of Rhode Island.   All capital projects need to be finished within five (5) years from state approval. 

Capital Projects Costs & Funding (as of December 1, 2025):

Stage 1: $115,882.45 (paid by a RIDE grant)

Stage 2: $1,166,359.60 (paid by BWRSD Capital Fund)

Stage 3: $10,451,578.43 (paid by $6.320 BAN & RIDE Pay Go Funding)

Stage 4: On going (paid by $6.320 BAN, $86.0 BAN & RIDE Pay Go Funding)

RIDE PayGo Funding Total: $18,409,095 

Reimbursement Bonuses

Bristol Warren Regional School District RIDE Necessity of School Construction - Stage III [July 2024 Update] Projected Tax Impact Calculator

Click the image below to download the Updated [July 2024] Projected Tax Impact Calculator and follow the directions. 

Projected Tax Impact Calculator

 

DISCLAIMER: Projected Tax Impact based upon cashflow projection provided by PMA Consultants and bonding scenarios provided by PFM Financial Advisors.  Calculator is best suited for desktop Windows/IOS use.

INSTRUCTIONS: Edit (2) yellow highlighted cells to calculate property specific tax impact projection: 

Step 1: Select District. 

Step 2: Enter Assessed Value. 

Assessed values may be confirmed using the links to the Bristol and Warren assessor databases located at the bottom of the calculator.

Check back here often for financing updates on the BWRSD Capital Projects.