Providence Internal Auditor to Hire Independent Financial Consultant
Friday, December 15, 2017
The consultant would review the city’s current and proposed tax policy and tax stabilization agreements, as well as, their long-term financial impacts on tax revenues.
“Whenever the city wants to make changes to the tax policy we must look to experts to help guide us in best practices. This will ensure that we are making the best fiscal decisions for the city and our residents. With our tax base shrinking we need to be clear about the true cost of any permanent TSAs, and make sure that we aren’t putting any of that lost tax revenue burden on homeowners,” stated Councilman and Finance Committee Chairman, John Igliozzi, Ward 7.
Over the last month, the Internal Auditors office has been reviewing current TSAs and will be issuing a report by the end of the year.
The report does not review what kind of impacts the newly proposed Providence Tax Stabilization Investment Act would have on the city’s tax base.
This ordinance, which was introduced at the November 16, 2017 City Council meeting and was referred to committee, calls for broad changes to the TSA program, including making all areas of the city open to TSAs and not just under-utilized neighborhoods in need of revitalization.
Related Slideshow: GoLocal: Benchmark Poll, October 2017
Next year, in November of 2018, there will be a statewide general election for Governor and many other state offices. How likely is it that you will vote in this election?
Will you definitely be voting, will you probably be voting, are you 50-50...
Definitely be voting: 78%
Probably be voting: 13%
What would you say is the number one problem facing Rhode Island that you would like the Governor to address?
Jobs and economy: 21%
State budget: 9%
Corruption/Public integrity: .8%
Don’t know: .9%
Recently, a proposal has been made to permit the issuance of $81 million in bonds by the State to build a new stadium for the Pawtucket Red Sox. If there was an election today on this issue, would you vote to approve or reject issuing $81 million in financing supported moral obligation bonds to build the stadium?
Net: Approve: 28%
Definitely approve: 15%
Probably approve: 14%
Net: Reject: 67%
Probably reject: 19%
Definitely reject: 48%
Don't know: 4%
The next question is about the total income of YOUR HOUSEHOLD for the PAST 12 MONTHS. Please include your income PLUS the income of all members living in your household (including cohabiting partners and armed forces members living at home).
$50,000 or less: 27%
More $50,000 but less than $75,000: 13%
More $75,000 but less than $100,000: 13%
More $100,000 but less than $150,000: 17%
$150,000 or more: 13%
Don't know/refused: 17%
What particular ethnic group or nationality - such as English, French, Italian, Irish, Latino, Jewish, African American, and so forth - do you consider yourself a part of or feel closest to?
Black or African American: 6%
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