« Bradford Dyeing expects to lay off a third of work force | Today | Update: Bradford Dyeing to lay off more workers »

February 5, 2008

Photo: State House rally protests housing cuts

Journal photo / Bill Murphy
From left, Bob Pangborn, Chuck Powers and Jose Veliz, all of Providence, don cardboard boxes at a rally at the State House today to protest Governor Carcieri's proposed cuts linked to affordable housing in his attempt to plug the hole in the current year budget.

Advocates say two such cuts proposed in the governor's supplementary budget, would have a devasting impact on affordable housing.

The first plan would scoop $26 million from Rhode Island Housing, the independent state agency that lends money and provides grants for affordable-housing projects. The second eliminates all money for the $7.5-million Neighborhood Opportunities Program, the seven-year-old state fund that helps finance affordable housing for those who make less than $30,000 a year.

The supplementary budget proposal seeks to offset millions in projected overspending and a shortfall in revenue by making $83.2 million in spending cuts, and bringing in $68.8 million by capping the state’s popular historic tax credit program and scooping millions of dollars from various quasi-public agencies such as Rhode Island Housing and the Resource Recovery Corporation.

If approved by the General Assembly, the spending plan would reduce the state-financed portion of the budget adopted in June by $36.3 million.

-- With Journal archival reports

Posted by Andrea Panciera  at 3:26 PM | Permalink

Comments

Greg | February 5, 2008 3:44 PM link

Post a comment

Please be civil. Vicious comments, personal attacks and profanity won't be published. Name and email are required; email address will not publish.

Name:

Email Address:

URL:
Remember Me? YesNo

Comments: (you may use HTML tags for style)