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Tag Archives | Providence Fiscal Crisis

Developing: City announces tax agreement with Johnson & Wales

I’m following the developments on this on Twitter, here’s some of the news coming in:

Press release from the City added to end of post.

  • Mayor making headway with tax-exempts [WPRI]

Taveras announced a tentative deal with Johnson & Wales University at a news conference on Wednesday. Under the agreement, instead of paying taxes, the university will give the city $6.4 million, with the possibility of an additional $5 million over a 10-year period.

Will add more information as it comes in.

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Providence State of the City Address

Live Streams are over. Prepared text added to post below.

The State of the City will be livestreaming below starting at 7pm (technology willing).

WPRI Stream has better sound.

If you’re on Twitter, follow the #PVDsotc hashtag. We’ll probably be Tweeting and re-Tweeting there. Follow us on Twitter at @gcpvd.

Feel free to add you thoughts in the comments as you watch, this post will be updated during and after the address.

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Taveras warns of Receivership, Bankruptcy at morning Press Conference

Taveras

Reports are coming in from a press conference that Mayor Taveras held this morning, things aren’t good. The Mayor is calling for concessions from non-profits and retirees or the city faces receivership and bankruptcy.

See the end of the post for a Press Release from the City.

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