Providence Mayor Angel Taveras says he expects the city’s budget for the last fiscal year to be balanced when the books close on it at month’s end. Providence is still working to eliminate a small structural deficit.
Taveras inherited a 110 million dollar deficit when he took office in January 2011. Since then, the city has steadily whittled down that number. Taveras says the fiscal picture is solid as City Hall prepares to close the books for the budget year that ended June 30th.