A strong Capital City is good for a strong Rhode Island. The economic stability of our state is directly tied to the quality and availability of our water resources. Today, we are fortunate to have access to a high-quality system like Providence Water here in our City, as are the 60 percent of Rhode Island residents who depend on this same resource.
The City continues to put itself on solid financial ground. However, if pro-active steps are not taken now, there can be no guarantee for the future reliability, quality and price of water in the event of a financial crisis in the future. The City has continued to invest more in our people, in our schools, in our City services, and in so many other priority areas – we would like to maintain those investments. The time has come, however, to make a big decision.
As it should be with any serious conversation about our future we want to make sure that you – the people of Providence – can continue to move forward. Please join Mayor Elorza, department directors, elected officials, and community members and learn how Providence wants to solve this problem once and for all. The events are open to the public and free of charge. Spanish translation will be provided.
Below are reports and materials that will provide background and other information explaining the City’s current financial position and proposed solutions to solve this issue.
A Community Conversation: Providence Water Presentation
In spring 2019, the City of Providence held a series of community conversations to engage with residents and community members on the status of its finances and to present a sustainable plan to secure the future of the Providence Water Supply Board. – Download Presentation
National Resource Network: A Strategic Fiscal & Management Plan for the City of Providence, 2016
The National Resource Network is a component of the White House Council on Strong Cities, Strong Communities Initiative consisting of leading experts from the public and private sectors and funded by the U.S. Department of Housing and Urban Development. The Strategic Fiscal and Management Plan includes a ten-year baseline financial projection for the City of Providence and a series of initiatives that the City can pursue to close projected deficits and invest in its future. – A Strategic Fiscal & Management Plan for the City of Providence
City of Providence Announces Introduction of Water Authority State Legislation
City representatives and elected officials announced the introduction of State enabling legislation that will allow the City of Providence to partner with municipal water supply systems or regional water quality management district commissions to ensure long term rate and quality stability of the city and state’s greatest asset, the Providence water supply. – Read Press Release
2019 Water Legislation and Frequently Asked Questions
The 2019 Municipal Water Supply Systems Transaction Act – Senate Bill (S0324)
The 2019 Municipal Water Supply Systems Transaction Act – House Bill (H5390)
The City Developed a list of Frequently Asked Questions (FAQ’s) regarding the submitted legislation and what it would entail. – Water Legislation FAQ
City of Providence 2018 Request for Qualifications for Providence Water Supply Board System
In November 2018, the City of Providence issued a Request for Qualifications (RFQ) through the Board of Contract and Supply (BCS) to solicit and identify qualified partners interested in entering into a lease with the City to manage and operate the Providence Water Supply System. The lease in no way considers the sale or unrestricted lease of the system to a private entity. – PVD18-1PVP98-RFQ
City Council Pension Working Group Report, April 2018
The City Council Pension Working Group generated a report in 2018 that explained the current pension crisis, provided background on the issue, and outlined strategies to resolve the crisis. The report concludes that, in the absence of a “simple” or “painless” solution, the City must choose among difficult options to close the current pension gap to prevent more difficult scenarios including “scaling back social programs, raising taxes, or deferring maintenance of public infrastructure, which would lead to even greater costs down the road.” – City Council Pension Working Group Report 2018
Report of the Municipal Finances Review Panel, February 2011
In response to an Executive Order issued in January 2011, a Municipal Finances Review Panel was established to assess modifications and expenditures to be considered while developing the City’s FY2012 budget. The report also includes various observations and recommendations that could either result in potential cost savings to the City, improve its financial management, or promote other operational efficiencies, including the lease of the Providence Water Supply Board (see page 20). – Report of the Municipal Finances Review Panel Feb 2011