Posted on Leave a comment

Avedisian Proposes 1.76 Percent Tax Rate Increase, $310 Million Budget

Warwick City Hall
 Warwick City Hall.
Warwick City Hall.

WARWICK, RI — Mayor Scott Avedisian has announced a $310,451,620 budget, paid for with a 1.76 percent tax rate increase on the city’s tax rate this year, the budget hearings for which begin in two Fridays on May 26.

The City Council’s next meeting is scheduled for 5 p.m. at City Hall,  3275 Post Road, on May 26 for the first budget public hearing, which will also include the Warwick School Department Budget.

The first meeting will be followed by budget hearings at City Hall at 5 p.m. on Tuesday, May 30, Wednesday, May 31, and Thursday, Jun 1, according to Warwick City Councillors Jeremy Rix and Steve McAllister. The councillors noted (as did Solomon during Monday’s meeting) the schedule depends on whether they receive the budget today.

Avedisian announced the budget and the suggested tax rate increase in an ad which was scheduled to print in the Warwick Beacon today. In the ad, Avedisian says the proposed tax rate increase is estimated to result in a residential property tax rate of $20.70  (up from $20.24) per $1,000 of home value, and a commercial/industrial rate of $31.05 (up from 30.36) per $1,000 of value.

NOW, CHECK OUT THIS:
Council Considers $3.2M Street Light, $10.2M Road Bonds Tonight

Tangible property rate would be $41.40 (up from 40.48) per $1,000 of assessed value.

The tax rate on motor vehicles remains unchanged at $34.60 per $1,000 of assessed value, according to state law, which includes a $500 state exemption per vehicle, and a city exemption of $1,500, for a total exemption of $2,000.

[CREDIT: Jeremy Rix] An outline of Mayor Avedisian's proposed 2017-2018 budget, advertised in local media today.
[CREDIT: Jeremy Rix] An outline of Mayor Avedisian’s proposed 2017-2018 budget, advertised in local media today.
[CREDIT: Jeremy Rix] An summary of Mayor Avedisian's proposed 2017-2018 budget tax rate increase, advertised in local media today.
[CREDIT: Jeremy Rix] An summary of Mayor Avedisian’s proposed 2017-2018 budget tax rate increase, advertised in local media today.

[pdf-embedder url=”https://warwickpost.com/wp-content/uploads/2017/05/FY18-General-Fund-Budget.pdf” title=”FY18 General Fund Budget”]

[pdf-embedder url=”https://warwickpost.com/wp-content/uploads/2017/05/FY18-Personnel-Supplement.pdf” title=”FY18 Personnel Supplement”]

[pdf-embedder url=”https://warwickpost.com/wp-content/uploads/2017/05/FY18-Enterprise-Budget.pdf” title=”FY18 Enterprise Budget”]

[pdf-embedder url=”https://warwickpost.com/wp-content/uploads/2017/05/FY18-Capital-Budget.pdf” title=”FY18 Capital Budget”]

Author: Rob Borkowski

Rob has worked as reporter and editor for several publications, including The Kent County Daily Times and Coventry Courier, before working for Gatehouse in MA then moving home with Patch Media. Now he's publisher and editor of WarwickPost.com. Contact him at editor@warwickpost.com with tips, press releases, advertising inquiries, and concerns.