Mayor Jorge O. Elorza today will join President of Providence FOP Lodge #3 Michael Imondi to sign a tentative agreement spanning a four-year term from July 1st, 2019 to June 30th, 2023.
Mayor Jorge O. Elorza and the Providence Human Relations Commission have selected three honorees for the 18th Annual Providence Dr. Martin Luther King, Jr. Hall of Fame Virtual Induction Ceremony.
Mayor Jorge O. Elorza today announced that the City will offer free, two-hour parking in designated commercial districts in alignment with Providence Restaurant Weeks through February 6, 2021.
Mayor Jorge O. Elorza today announced that the City of Providence has closed its 2021 General Obligation Refunding Bond transaction. The City issued new tax-exempt bonds with a five-year final maturity at a True Interest Cost of 0.93% and new taxable bonds with a seven-year final maturity at a True Interest Cost of 2.02%. These new bonds pay off existing bonds at a rate of 4.99%. That interest rate differential will provide $1.8 million in savings this fiscal year (FY21) and $220,000 next year (FY22) for a total savings of $2.02 million.
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