Why Providence faces a multimillion-dollar budget shortfall - Full Story
By Dan McGowan, WPRI.com Reporter
Published: February 18, 2015, 3:30 pm | Updated: February 18, 2015, 5:51 pm
PROVIDENCE, R.I. (WPRI) – Welcome to Providence, where even bean-counting comes with bravado.
The city’s internal auditor and former Mayor Angel Taveras are at odds over the state of Providence’s finances, with the auditor claiming the city is facing a $23-million budget gap for the fiscal year that begins July 1 and Taveras saying that prediction is exaggerated...
Now for another question. Why, on his way out the door, would Taveras tell the new mayor that Clarkin is “often wrong”?
Because the internal auditor’s projected shortfalls have rarely come to fruition, in part because the predictions were made many months – in some cases, years – before an actual budget deficit would be realized. In other words, the city budget is a moving target.
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