On March 20, the Providence City Council unanimously approved a resolution supporting a State House bill that would allow the city to increase its tax revenue for fiscal year 2026. If passed, Providence could increase its city taxes by more than it has in previous years, which could help the city balance its budget, according to City Council Communications Director Marc Boyd.
The resolution was a required step in the potential passage of the bill.
Rhode Island state law prohibits municipalities from increasing taxes by more than four percent each year. The resolution approved by the City Council supports an act that would allow Providence specifically to exceed this levy cap in FY 2026…