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Ron Becker, Alliance for a Livable Newport President elected Chairman of Finance Review Committee

NEWPORT- Finance Review Committee to start work By Sean Flynn – Staff writer Seven Newport residents with extensive experience in private business will be reviewing the city budget to determine ways of cutting expenses and increasing revenues. The members of the new Finance Review Committee were sworn by City Clerk Kathleen Silvia Thursday night at the Newport Public Library, and welcomed to the tasks ahead by Mayor Harry Winthrop. When the City Council gave initial approval to a city budget in June, the council members voted unanimously to form a committee to study items such as the high cost of pensions and health care for city employees that are built into the budget. Earlier in the year, the council passed a resolution calling on the city administration to identify “any and all nonprofit entities” that “may be able to assist in generating city revenue through participation in PILOT (payment in lieu of taxes) or PILOT-type programs.” That task also has been assigned to the Finance Review Committee. Winthrop said Thursday the committee members could look at the formula that provides state aid to communities in the form of PILOT funding to cover part of the property taxes lost because the […]


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Posted by NewportAlliance - November 8, 2013 at 8:07 pm

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