Welcome! Login | Register
 

Giannini: ‏Can a “Rhode Island Red Sox Stadium” Succeed in Providence?—Giannini: ‏Can a Rhode Island Red Sox Stadium…

It’s All About Education: Changing Lives with School Lunches—There have been several links floating around social…

Chef Walter’s Flavors + Knowledge: Lesson on Pizza—Many people know that American pizza derived from…

Newport Manners & Etiquette: Why Women Don’t Ask for Help + Engagement Party Etiquette—The etiquette of asking for help and upadated…

URI Blown Out by Dayton 75-59, Fall Out of 1st Place—Rams fall to Dayton 75-59

Revolution Unveil New Secondary Kits—The New England Revolution unveiled a new secondary…

Horowitz: The Boehner/Nentanyahu Debacle—It must have seemed like political win-win when…

Riley: Providence Pension Fund is Risky Business—Relative to the State of Rhode Island Investments…

Organize + Energize: 7 Mini Habits That Will Move You Closer to Getting Organized—You can do it now or save it…

NEW: RI Gas Prices Rise 8 Cents From Last Week—Rhode Island gas prices have gone up eight…

 
 

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.

 
 
:)