Welcome! Login | Register
 

This Week Was Raimondo’s Worst Week as Governor and It Has Long Term Implications—This Week Was Raimondo's Worst Week as Governor…

25 New England Fall Getaways—25 New England Fall Getaways

Verdi Named Providence Deputy Chief of Police—Major Thomas Verdi Named Deputy Chief of Police

MINDSETTERS™ Inman III, Araujo, Donnelly: Poverty Level Wages Paid to Adjunct Faculty at URI—Guest MINDSETTERS™ Inman III, Araujo, Donnelly: Poverty Level…

Huestis: Meteors & Other Astronomical Treats—Huestis: Meteors & Other Astronomical Treats

What to Watch For: Bills vs. Patriots—What to Watch For: Bills vs. Patriots

Leonard Moorehead, the Urban Gardener: Asters Star—Leonard Moorehead, the Urban Gardener: Asters Star

Guest MINDSETTER™ Kerrie Johnson: Please Consider Voting for My Dad—Guest MINDSETTER™ Kerrie Johnson: Please Consider Voting for…

Fit For Life: Be The Change You Want To See—Fit For Life: Be The Change You Want…

Redwood Library to Honor Pulitzer Prize Winner Wood—Redwood Library to Honor Pulitzer Prize Winner Wood

 
 

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.

 

X

Stay Connected — Free
Daily Email
 
:!