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July 13, 2006

Carcieri to sign property tax relief bill

PROVIDENCE -- Governor Carcieri plans to sign legislation this morning that would cap increases on local property tax and school budgets.

The bill would gradually lower the maximum annual increase to a community's tax levy from the current 5.5 percent to 4 percent, starting in fiscal 2008 and reaching 4 percent in 2013. The same limits would be applied to school budgets.

This morning's signing is scheduled for 10:30 at the State House.

Posted by Steve Peoples  at 7:09 AM | Permalink

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