City Budget 2020
What is the budget?
REVENUE AND EXPENDITURES
Every year, the Mayor of Providence submits to the City Council a plan explaining how the city will earn money (revenue) and how the city will spend its money (expenditures). This plan is known as the budget and includes detailed description, broken down into two different segments:
Operating Budget and Capital Budget.
(TOTAL: $XXX Dollars)
The Operating Budget pays for departments and services throughout the city such as:
- Funding fo our Police and Fire Departments
- Snow Removal
- Public Libraries
- Unemployment and health insurance for city employees
The BPS budget is technically a part of the Operating Budget, but because it takes up nearly 1/3 of our operating costs, it is usually considered on its own. The BPS operating budget pays for things like:
- Teacher’s salaries
- Bilingual education resources
- Early childhood education
(TOTAL: $XXX Dollars)
The Capital Budget is a 5-year strategy submitted by the Mayor and approved by the City Council for major projects such as:
- Construction and remodeling of school buildings
- Making roads safe and more accessible to alternative modes of transportation
- Preparing the city for climate change.
The capital budget can be thought of as an investment in our city. Think of it like putting a new roof on your house. You spend a lot of money up front, some of which you may borrow as a loan, and you reap the benefits for years after.
Where does the City Council’s role come in?
VOTING AND YOUR VOICE
The mayor submits the budget but the City Council has to approve of it. The Council will vote on the budget in June, voting once on the operating budget and voting twice on the capital budget.
- Why do we vote twice on the capital budget? The second vote is basically an “are you sure?” vote.
The City Council holds public hearings on a lot of the big budget items we eventually vote on. For example. we will call in Boston Public Schools to explain what the taxpayer’s money will go towards.
The City Council also has the ability to advocate for additional funding to programs and services we feel are important to the city.