Providence expects $8.5M operating surplus for FY19

PROVIDENCE IS PROJECTING an $8.5 million operating surplus for fiscal 2019, pending a third party audit. / PBN FILE PHOTO/CHRIS BERGENHEIM
PROVIDENCE IS PROJECTING an $8.5 million operating surplus for fiscal 2019, pending a third party audit. / PBN FILE PHOTO/CHRIS BERGENHEIM
PROVIDENCE – The city is expecting an $8.5 million operating surplus for fiscal 2019, pending an external audit, Mayor Jorge O. Elorza said on Wednesday. This operating surplus includes an allocation of $3.6 million to the city’s Rainy Day Fund, bringing the total up to $20 million, as well as $4.9 million that will be…

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