Kudos, then to the Rhode Island Progressive Democrats, for their on going support of STEP (Stop Tax Evasion In Providence) ... going so far as to call out their endorsed candidate, now Mayor, Mayor Elorza for his support of TSA's (Tax Stabilization Agreements)
Tonight (Tuesday, February 2), the Providence City Council, in a Meeting postponed due to Mayor Cianci's passing, will vote on passage of several of these ... the end result being the diversion of millions of dollars of taxpayer money to wealthy developers of buildings already constructed, in operation ...
Sam Bell - Rhode Island Progressive Democrats
"One of Providence's most absurd fiscal practices is to pass special laws saying that specific big developers don't have to pay all of their taxes. Naturally, the developers who tend to get these deals are the ones who buy the right lobbyists, make the right political contributions, and know the right guy to call at City Hall.
The deals pending before the city right now are even more egregious than usual. That's because the development has already happened. There's no question of encouraging development--the developers want their special tax deals to continue. This is just giving the city's limited tax dollars to big developers. Pure and simple.
The consensus at City Hall right now is that residential property taxes will be raised. We believe it is especially inappropriate to hand over three million dollars of public money to these developers when residents' taxes are going up.
One of the things that really inspired us about Elorza when he was running was his commitment to crack down on the abusive
culture of corporate welfare. It's very sad to see him change his tune now that he's won."
The Coalition calls upon the Providence City Council to end the practice of overly generous tax incentives to wealthy developers. As Libertarians, we believe that it is wildly inappropriate to subsidize the chosen few .. in effect, picking winners in the marketplace, not because of need and/or competence, but merely because of political/economic connections. As the City of Providence teeters on the edge of bankruptcy, the real possibility exists that vital services will soon be denied. The infrastructure of the city is in shambles. And the city's schools continue to be substandard in many poorer neighborhoods. Why then, does the City of Providence insist on money draining, disruptive tax policies that only gentrify the neighborhoods of the wealthy & connected, at the expense of the many?
In some manner of speaking, ALL Rhode Islanders are Providence Taxpayers. Please call Providence City Hall, @
Providence City Council, City Hall
25 Dorrance Street | Room 310 | Providence, RI 02903
Phone: 401-521-7477 | Fax: 401-521-3920 |
Additional information may be found at the Providence City Council Webpage
Of interest: The Coalition Interview with Brian Bishop, October 3, 2015, discussing TSA's.