After months of discussions, the Providence City Council Finance Committee on Thursday night unveiled and approved an amended plan to spend the city’s $124 million in remaining federal COVID relief funds from the American Rescue Plan Act.
The ordinance, which now goes to the full City Council, is a modified version of the one proposed by Mayor Jorge Elorza in January. The mayor and the council collaborated to put together the new version, according to both Elorza’s finance director and the council chief of staff.
While the new proposal keeps intact proposals to spend $17 million on affordable housing and $10 million for a yet-to-be-defined reparations program, it significantly increases the amount of money reserved for “revenue recovery,” meant to help balance the next few budgets despite pandemic-related revenue losses.
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