Providence Committee on Finance-Tuesday, November 26, 2024-5:30 PM
Call to Order and Roll Call
Chair Helen Anthony called the Committee on Finance meeting to order and established a quorum with roll call. Welcoming remarks and staff introductions were made.
Item 1 - Continuance of Resolution
The committee considered a request to continue Agenda Item 1 due to the sponsor's absence. A motion to continue the item was made and approved.
Item 2 - Resolution Granting Tax Abatement
Chair Anthony addressed a resolution regarding a tax abatement on 16th Street sponsored by Councilor Harris, who was absent. The committee voted to continue the item to the next scheduled meeting.
Items 3-5 - Presentation on ARPA and COVID-19 Equity Funds Reinvestment
City administration staff presented on reallocating remaining ARPA and COVID-19 equity funds toward revenue recovery to help cover budget shortfalls for Providence Public Schools. Committee members asked questions regarding specific line items, contracting timelines, and reporting requirements.
Item 3 - Approval as Amended
The committee opened discussion and moved to recommend approval of Item 3 as amended regarding ARPA fund reallocation. Following member remarks on the budget situation, the motion passed unanimously.