Providence Mayor Jorge Elorza is slated to deliver his first budget address Wednesday. The capital city is facing a sizeable deficit.
The budget hole could be as large as $23 million. That’s a lot less than the deficit former Mayor Angel Taveras called a fiscal hurricane, but it’s still a significant gap to fill.
Mayor Jorge Elorza has pledged to cultivate broad-based economic growth, while holding the line against tax increases. Complicating the outlook is the fact that Providence needs to negotiate new contracts for teachers and municipal workers.
Elorza won a dramatic victory as a first-time candidate over former mayor Buddy Cianci last November. Yet confronting the budget realities for the fiscal year starting July first may prove more challenging.
Do you have insight or expertise on this topic? Please email us, we'd like to hear from you. email@example.com