The city of Providence likely owes Rhode Island somewhere between $11 million and $55 million to help fund its schools. In a press conference on Wednesday, Mayor Brett Smiley said Providence homeowners will have to reach into their pockets to help pay for the money owed to the state.
Smiley said he is likely to ask the state legislature to approve higher-than-normal property tax increases next year in order to fund the amount. The parties plan to share the amount and other details, which are still being worked out, on Friday.
This story was reported by The Public’s Radio. You can read the entire story here.
