The budget commission that’s running the city of Woonsocket has asked area lawmakers to introduce a bill that would authorize a $2.5 million dollar supplemental tax increase. It’s part of a plan to bail out the financially distressed community.
The average Woonsocket resident would pay an additional $150 in property taxes and $90 in vehicle taxes under terms of a supplemental tax bill introduced by two state lawmakers. The aim is to raise $2.5 million. It’s part of a larger plan to erase a $17 million deficit over the next five years.
Woonsocket City Council President John Ward visits the Roundtable this week to talk about the outlook for fiscal stability in the northern Rhode Island community; the debate over tax policy in Rhode Island; and how to keep more young workers in the Ocean State.