Rep. Tobon and Sen. Cano’s bill that boosts redevelopment in Pawtucket passes General Assembly
STATE HOUSE – Rep. Carlos E. Tobon (D-Dist. 58, Pawtucket) and Sen. Sandra Cano’s (D-Dist. 8, Pawtucket) legislation (2019-H 6153Aaa / 2019-S 0673aa) that would authorize state and local incremental tax revenues generated in certain economic development districts in Pawtucket to be allocated to fund improvements passed the General Assembly tonight.
“This is an incredibly important bill to Pawtucket and its residents. With the loss of the PawSox, it’s more crucial than ever to redevelop assets that are dormant in our city, particularly in the downtown area. This bill will give the economic development tools needed to revitalize our city without costing taxpayers a dime,” said Representative Tobon.
“Despite recent hardships, Pawtucket has a lot of momentum behind it. This legislation will support the city’s mission to redevelop and rejuvenate key districts while allowing the city to invest in much-needed redevelopment projects without raising taxes or fees on residents. I thank the General Assembly for passing this crucial bill,” said Senator Cano.
The legislation authorizes state and local incremental tax revenues, such as sales taxes, generated in the Arts District, the Growth Center District and the Ballpark District in Pawtucket to be used to finance improvements and redevelopment in the districts.
The bill now heads to the governor’s desk for consideration.
For more information, contact:
Andrew Caruolo, Publicist
State House Room 20
Providence, RI 02903