Bruce Newbury
Bruce Newbury
9:00am - 12:00pm
Talk of the Town w/ Bruce Newbury

1540 Updates

Council Receives Tax Break Proposal

The Providence City Council's Finance Committee will be the first to review a proposal creating a tax break system for the former I-195 land.  The proposal seeks to set firm guidelines for tax breaks that depend on the size of the project.  Those costing ten-million-dollars or less would be eligible for three years of no property taxes, with ten-percent hikes each year for a decade.  Larger projects would be eligible for a 20 year tax treaty, with the City Council setting the terms.



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