Providence mayor to veto tax rate hike
Providence, R.I. – The Providence City Council has narrowly given final approval to a 25 percent increase in the city's property tax rate.
The measure also repeals a tax break for thousands of landlords who do not live in their properties.
But Mayor David Cicilline is vowing to veto the bill, which councilors say could prevent tax bills from going out by the July 30 deadline.
The 8-7 vote by the council on Wednesday night would hike the residential tax rate by about six dollars, but councilors say even with that increase, about 70 percent of homeowners would still see their taxes go down because of property revaluation.
Cicilline says eliminating the tax break for non-owner occupied buildings with five or less rental units would be illegal because it was added after a public hearing was held on the tax rate.