In what Providence Mayor Angel Taveras calls a historic day, Superior Court Judge Sarah Taft-Carter gave final approval Friday for a deal that will reduce the capital city's $900 million+ unfunded pension liability by $178 million. The agreement followed negotiations between the city and police and fire unions and municipal retirees.
"Today is the end of a long, long road that we've traveled," Taveras said in an interview. "I feel a lot of relief and gratitude to all the employees and retirees especially who have agreed to help the city."
Providence Mayor Angel Taveras released a 20-point plan Wednesday intended to bring more jobs to the capital city.
Taveras also previewed part of a message for a potential run for governor next year.
The five priority actions in the mayor’s plan include creating online permits, making Kennedy Plaza more pedestrian-friendly, and freezing the city’s commercial real estate tax for seven years. Taveras also wants to use tax incentives to redevelop vacant lots and remove barriers to new development. The mayor says there’s a common theme to his proposals.
Providence Mayor Angel Taveras unveiled a 20-point economic plan Wednesday morning during a meeting of the Providence Foundation. The mayor's repeated rhetorical emphasis -- how Providence has bounced back from the financial abyss thanks to collaboration and shared sacrifice -- sounded like one message he'll wield next year during an expected Democratic run for governor.