In a recent government meeting, Mayor Bob De Silva presented the proposed fiscal year 2025 budget for East Providence, highlighting a total of $195 million in general fund expenditures. This marks a $3.9 million increase, or 2.09%, from the previous year. Key allocations include a $2 million boost for the school department, which represents a 2.61% increase, and a $1.8 million rise in police and fire pension contributions.
The budget reflects a commitment to public safety and education, with the administration emphasizing its efforts to fully fund pension obligations and support local schools. The proposed budget also includes a 3.5% increase in the tax levy, although the actual property tax rate increase for homeowners is expected to be around 3%.
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Subscribe for Free De Silva noted that the budget was adjusted following a significant reduction in state housing aid, which dropped by $1.365 million. To address this shortfall without raising taxes, the city shifted funds originally earmarked for capital projects into the general fund.
The administration has actively pursued state and federal grants, securing $10 million for a community center and additional funding for hiring new firefighters, which is anticipated to reduce overtime costs. Overall, the mayor assured residents that the city's finances remain stable and that the budget aims to balance quality services with affordability amid ongoing economic challenges.