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Sequino says Narragansett won’t be receiving MRBRF funds

July 24, 2014

NARRAGANSETT - Contrary to previously published reports, Narragansett has not and will not receive funding from the Municipal Road and Bridge Revolving Fund this year, according to Bill Sequino, executive director of the Rhode Island Clean Water Finance Agency.
Sequino explained Tuesday that in the last fiscal year the General Assembly funded the program at $6.9 million. Cities and towns had from Sept. 15 to Oct. 15, 2013 to apply for funding. The Rhode Island Department of Transportation then took all of the applications and ranked the projects based on priority and the amount of funding they needed. Originally, a condition of receiving funding was voter approval to borrow the funds.
Narragansett requested $3.2 million through the program and had voter approval to borrow the funds based on a referendum for a $17 million paving program in 2012.

For more of this story pick up a copy of The Narragansett Times.

Source 
Southern Rhode Island Newspapers
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