Providence officially has a budget for the upcoming fiscal year. Mayor Jorge Elorza signed the 696-million-dollar budget into law yesterday. The budget approved by the City Council had few changes from the proposal made by Elorza. It's the first budget crafted by Elorza, and keeps taxes on homes, vehicles and businesses the same as current levels. Elorza says the budget is a step towards addressing the city's ongoing fiscal challenges, and does so without new taxes.