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City sustainability office outlines process for spending Prop Port reserve funds; commission to form review subcommittee
Summary
The city's sustainability deputy director described how a sustainability reserve account created under the Prop Port tax-exemption will be reviewed and administered: the office will solicit proposals and the Sustainability Commission plans a five-member subcommittee to consult annually on funding priorities.
The Providence sustainability office presented an update on the sustainability reserve account tied to the Prop Port tax-exemption at the April 9 meeting, describing how the account is administered, current balances and a proposed selection process for spending the funds.
Why it matters: the ordinance creating the account directs 1% of Prop Port revenue into a reserve for sustainability projects; the account is intended to support environmental remediation, air-quality projects, climate adaptation and related infrastructure that align with the port master plan. The committee was briefed on how the Sustainability Office and the volunteer Sustainability Commission plan to consult on project selection and procurement.
Deputy Director Kevin…
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