City of Providence Rhode Island Fiscal Year 2023 General Fund Budget Summary
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This document is the Providence, Rhode Island Fiscal Year 2023 General Fund Budget Summary, a comprehensive annual operating budget that includes sections on budget process, financial policies, organizational structure, and strategic goals. The document outlines the city's accounting basis, fund structure, capital assets, investment policies, and budget procedures including provisions for appropriations, borrowing, and revenue application. The content provided consists primarily of the table of contents and introductory framework rather than specific budget figures or policy decisions.
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The City of Providence enacted a municipal levy ordinance for fiscal year 2024-2025 establishing property tax assessments between $381,026,712 and $396,221,403, representing 100% of projected tax collections to cover ordinary municipal expenses, debt service, and other city purposes. Taxes are due between July 1-24, 2024, with a 12% annual penalty on unpaid amounts, and can be paid in four equal quarterly installments beginning July 24, 2024, with subsequent installments due in October 2024, January 2025, and April 2025. The ordinance amends city ordinance sections governing tax rates and exemptions for the 2024-2025 fiscal year, with property assessments based on valuations as of December 31, 2023.
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