Statement from Council President John Igliozzi on the Proposed City Budget

Apr 26, 2022 | 0 comments

Mayor Elorza has submitted a budget to the City Council, and now the budgetary process begins in earnest with the Council’s Finance Committee. I am encouraged that the proposed budget funds a new police academy, putting more officers on our streets and in our neighborhoods. Providence residents deserve to be safe. Another bright spot reduces the car tax and its’ eventual phase out next year. Small and large business owners will see a drop in the city’s commercial tax rate on real estate for the first time in 10 years. We all know the real estate market has seen enormous gains over the last few years. New tax assessments from the city have gone out in the mail, which show those increased values. I want to assure taxpayers that the City Council will work with the administration to help balance those new values with the tax rate to impact homeowners minimally.