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June 20, 2006

Senate to consider lowering property tax cap

PROVIDENCE – The Rhode Island Senate is expected to discuss – and vote on -- legislation this afternoon that would lower the cap on local tax increases.

Senate Majority Leader M. Teresa Paiva Weed, D-Newport, is pushing to lower the cap on local tax increases, which is now 5.5 percent, but the issue has met resistance from several communities and the state's teachers unions.

In other Senate news, it is not yet clear when the Senate Finance Committee and the full Senate will address the state budget, which the House of Representatives passed last night.

Posted by Kate Bramson  at 2:00 PM | Permalink

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