Negative Reaction to Providence Property Tax Hike Proposal - ABC6 - Providence, RI and New Bedford, MA News, Weather

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Negative Reaction to Providence Property Tax Hike Proposal

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by Mark Curtis, ABC6 Chief Political Reporter

mcurtis@abc6.com 

Property taxes will go up by 6 percent this year in Providence, if the mayor's budget is approved.

While that sounds harsh to many, the mayor has led the city out of a 110 million dollar deficit he inherited upon taking office.

Mayor Angel Taveras, (D) Providence says, "This will help put us in the middle of Rhode Island in terms of our tax rate for residential property. As I said, I know it's not a popular thing to do, but I believe it's a necessary thing to do, and we need to balance our budget."

While residential property taxes will go up, commercial business will not see an increase. The mayor says taxes on businesses here are already among the highest in the nation.

ABC6 Chief Political Reporter Mark Curtis said, "In defending his budget proposal, Mayor Taveras noted that there was no property tax increase for residents in Providence last year."

But people like Frank Bassi are not happy, he owns 40 rental properties in the city and will be hit hard.

Bassi said, "I understand the situation with the city, but they also have to understand that people are still living paycheck to paycheck and 25, 30 dollars a month is a lot of money."

There is also a political risk for the mayor who is thinking about running for governor next year.

Mayor Taveras said, "So I don't worry about the politics of it. If you do a good job governing, the politics will take care of it's self."

A spokesman for the city's Republican Party calls the tax increase quote, "outrageous," so the political battle has already begun.

 

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