Welcome! Login | Register
 

Riley: Magaziner Throws Raimondo Under the Bus—Riley: Magaziner Throws Raimondo Under the Bus, Discloses…

K-12 Spending per Student by State—K-12 Spending per Student by State

Horowitz: National Park System Turns 100—Horowitz: National Park System Turns 100

Organize + Energize: The Office Product You Need to Stop Using Now—Organize + Energize: The Office Product You Need…

Guest MINDSETTERâ„¢ Edward Broderick: The Value of the Boy Scouts—Guest MINDSETTERâ„¢ Edward Broderick: The Value of the…

Weiss: GAO Report Reveals Social Security Benefits Gap Between Rich, Poor—Weiss: GAO Report Reveals Social Security Benefits Gap…

Newport Gulls Promote Nick Lima to Director of Baseball Operations—Newport Gulls Promote Nick Lima to Director of…

The Cellar: 2016 New England Tequila & Rum Festival—The Cellar: 2016 New England Tequila & Rum…

Raimondo is Looking to Shake Up Her Staff - See Who is in Play—Raimondo is Looking to Shake Up Her Staff…

NEW: Whale Washes Up on Roy Carpenter’s Beach—NEW: Whale Washes Up on Roy Carpenter's Beach

 
 

SLIDES: State of the City Winners & Losers

Wednesday, January 30, 2013

 

With the eyes of a city and state watching, Providence Mayor Angel Taveras delivered an optimistic yet still cautious State of the City address last night at City Hall that was all but a complete reversal of the “doom and gloom” address he gave regarding the Capitol City last year at this time.
In a half-hour speech focused largely on the many ways in which his administration has dealt with a massive $110 million dollar structural deficit he inherited, Taveras told those in attendance that Providence has not only made it through the worst of its struggles but is on pace for a recovery.
“As I stood before you on February 13, 2012, Providence was running out of cash, and running out of time,” Taveras said. “In the months that followed, there were some who said Providence could not avoid filing for bankruptcy. Today it is my privilege to deliver a much more hopeful report on the State of our City: Providence is recovering.”
Taveras’ speech highlighted the concessions that unions and retirees made to overhaul the city’s pension problems and he lauded the voluntary payments that tax-exempt institutions came forward with in the city’s time of need.
Still, he said, much has to be done to keep Providence on its current path.
“Through collaborative efforts and shared sacrifice, we have all but eliminated our City’s $110 million structural deficit, and we expect to end this year with a balanced budget,” he said. “Working together, we have accomplished what few believed possible.”
While Taveras’ speech was short on specific proposals the city should expect when he unveils his budget this spring, there were a number of winners and losers from the Mayor’s State of the City address.
 

 

Related Articles

 

Enjoy this post? Share it with others.

 
 
:!