City Council Finance Committee Approves $124 million in Federal Stimulus Funds for Major Investments Throughout Providence

April 21, 2022

 

PRESS RELEASE

Contact:

Parker Gavigan, Director of Communications

[email protected]

 

 

City Council Finance Committee Approves $124 million in Federal Stimulus Funds for Major Investments Throughout Providence

 

Providence, RI – Tonight, the Providence City Council’s Committee on Finance approved $124 million in an American Rescue Plan Act (ARPA) ordinance that will fund significant long-term investments in housing, water/sewer and broadband infrastructure, community and social disparities, parks and recreation centers, tourism, travel, and hospitality, as well as economic relief for businesses and organizations hardest hit by the COVID-19 pandemic.

 

“It was important for the finance committee to thoroughly review this budget and scrutinize every expenditure,” said Councilwoman Jo-Ann Ryan, Chair of the Finance Committee. “The committee prioritized investments in housing, economic development, and infrastructure that touched every neighborhood. We’ve increased aid to elderly services and our libraries, set aside money for sidewalk repairs, and addressed food insecurities. Any modifications to the mayor’s proposed budget accounted for infrastructure commitments, changing priorities, and federal funding opportunities that could be found elsewhere. Residents should know the incredible responsibility of dispersing this money will be tracked and monitored by an independent auditor. This remains a top priority of the Council.”

 

“Guided by robust community input, Providence will be investing millions of dollars throughout our neighborhoods,” said Mayor Jorge O. Elorza. “I look forward to working with the full City Council to finalize these allocations and move these critical investments forward.”

 

“These stimulus dollars allow us to make much-needed investments in our city that will have immediate and generational impacts,” said Council President John Igliozzi. “I thank Mayor Elorza and my council colleagues,…

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