Elorza reduces property tax rates for FY2017, but total tax haul grows based on property revaluation

PROVIDENCE MAYOR JORGE O. ELORZA said that the newcomer program
PROVIDENCE MAYOR JORGE O. ELORZA said that the newcomer program "marks a tremendous step in ensuring that all Providence students learn in an environment that is welcoming and supportive. Newcomers, just as the rest of our students, deserve a fair shot at a quality education.” / PBN FILE PHOTO/STEPHANIE ALVAREZ EWENS
PROVIDENCE – Mayor Jorge O. Elorza unveiled a $716.8 million operating budget for the upcoming fiscal year Wednesday, a spending package that includes reductions in the commercial and residential tax rates, and an increased exemption for auto excise taxes, but which will most likely result in increased taxes for many property owners due to rising…

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