Tag: Lawrence Mancini
Smiley proposes $585.8M fiscal 2024 budget to get city ‘back on...
PROVIDENCE – Citing a need to prepare the city for a future beyond supplementing city services with one-time federal dollars, Mayor Brett P. Smiley...
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...
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%...