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Audit: Providence ends FY22 with $827K surplus, $40M pension investment loss

PROVIDENCE – The city ended fiscal year 2022 with an $827,00 surplus, according to a recently published audit by accounting firm CliftonLarsenAllen LLP. The surplus...

Providence tourism district backed by key city panel

PROVIDENCE – The city finance committee on Monday unanimously supported creation of a Providence Tourism Improvement District to generate additional revenue to boost the...

‘Superman’ building deal would cut $29M from tax bill

PROVIDENCE – Developers planning to redevelop the city’s tallest skyscraper could save $29 million in property taxes over the next 30 years. The proposed tax...
MAYOR JORGE O. Elorza on Tuesday unveiled a $567 million fiscal 2023 budget proposal with major cuts to city tax rates to offset higher property values. / PBN FILE PHOTO/STEPHANIE ALVAREZ EWENS

Elorza proposes tax cuts to offset higher property values as part...

PROVIDENCE – As property values soar under a recent city revaluation, Mayor Jorge O. Elorza wants to slash tax rates for the fiscal year...

Providence City Council approves proposed firefighters contract

PROVIDENCE – City firefighters would get 4% annual raises in exchange for doubling their contributions toward the city pension fund under a proposed five-year...

Elorza unveils pension reform plan through $700M bond

PROVIDENCE – The city of Providence is asking the state to let it borrow up to $704 million to aid its beleaguered pension fund,...

Elorza unveils $540M FY22 budget with level taxes

PROVIDENCE - Mayor Jorge O. Elorza on Tuesday announced a nearly $540 million city spending plan with level taxes for fiscal 2022, a 5.7%...
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