PROVIDENCE, R.I. – The Providence City Council is slated to take a preliminary vote this evening on a new $638 million budget.
Mayor Angel Taveras says the city is poised to end an unprecedented situation in which it has operated for months without a budget. Two votes are necessary to approve the spending plan, and the second is expected later this month.
A recently completed audit found that the city's liabilities for the fiscal year ending last June 13 exceeded its assets by $20 million.
Taveras says in a few weeks he expects to receive the recommendations of a panel studying the city's fiscal condition.
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