The City Council got a brief look at the proposed budget for the next fiscal year in East Providence at its meeting on Tuesday night, Sept. 17.
The proposed $167.8 million spending plan calls for a 1 percent tax hike on a 3 percent increase in spending for the city and the schools. The current budget is about $160.5 million.
The proposed budget also shows another 1 percent decrease in the city’s Homestead Exemption. The new rate will be 13 percent.
Finance Director Malcolm Moore presented the proposed FY2014 budget on behalf of City Manager Peter Graczykowski. That fiscal year runs from Nov. 1 to Oct. 31.
The City Council already set up a public hearing on the proposed budget. It will take place at its next meeting on Oct. 1.
Meanwhile, the city councilors will get together next Monday, Sept. 23, at a workshop to go line by line through the proposed spending plan with the city manager, the finance director and East Providence’s new Municipal Finance Advisor Paul Luba.
Luba attended his first City Council meeting on Tuesday. He started the new state-appointed position in East Providence on Monday specifically to monitor spending in the city.