| | Advanced Search

 

Federal Hill Business Leaders Pledge to “Take Back” Their Community—Federal Hill Business Leaders Pledge to "Take Back"…

Riley: RI Treasurer’s Race Part 4: Public Fund Summit 2014—Riley: RI Treasurer's Race Part 4: Public Fund…

10 Great Pets in Need of Loving Homes—July 29—Calling all animal lovers! If you're on the…

Guest MINDSETTER™ Tom Sgouros: What Kind of Job is General Treasurer?—Guest MINDSETTER™ Tom Sgouros: What Kind of Job…

Training Camp Talk: Wendell’s Starting Job In Trouble?—Ryan Wendell has been Patriots' starting center for…

Organize + Energize: Organize Your Car in 5 Easy Steps—What do you have in your car right…

Newport Folk Festival Rocks the Fort—This year’s Newport Folk Festival was an unqualified…

Dear John: She Wants Him To Have An Affair—She's betting on an awfully big 'if'...

Queen Rules Mohegan Sun—Last Friday night, Queen rocked Mohegan Sun for…

NEW: Hodgson Calls for RI to Use RICO Law to Combat Gang Violence—Dawson Hodgson, State Senator and Republican candidate for…

 
 

BREAKING: Providence Budget Approved by City Council Committee

Tuesday, July 12, 2011

 

The Providence budget for the new fiscal year is headed for a vote before the full City Council after the Finance Committee approved the $614 million plan earlier this evening.

A council vote on the budget—which decreases spending from $638 million in the previous year—is expected this Thursday.

“This budget makes significant progress on addressing Providence’s structural deficit,” said Council President Michael A. Solomon. “Despite the City facing a $110 million structural deficit the Council and Administration worked together to minimize the effects of a tax increase on property owners. Working side by side, we have produced a budget that maximizes savings and will make City government leaner and more efficient.”

The budget includes $6 million in savings from the police and fire contracts, $18 million in savings thanks to new state legislation, and $28 million from closing five schools and reducing teacher positions. It also includes a significant property tax increase and major changes to the car tax.

“Everyone has come together to tighten our belts and look internally for savings and ways to be more efficient,” said Finance Chairman John J. Igliozzi. “The steps the Committee on Finance took today will improve the long-term stability and economic viability of Providence.”

DEVELOPING….

If you valued this article, please LIKE GoLocalProv.com on Facebook by clicking HERE.
 

 

Enjoy this post? Share it with others.




Commenting is not available in this channel entry.