- Associated Press - Monday, October 26, 2015

PROVIDENCE, R.I. (AP) - Rhode Island’s auditor general is asking Providence to come up with a plan to eliminate its cumulative deficit.

WPRI-TV reports (https://bit.ly/1jIYP6H ) Auditor General Dennis Hoyle wrote on Oct. 20 that the city must submit an updated deficit reduction plan, detailing how it will reduce a multiyear shortfall that has grown to $13.6 million.

Hoyle also says he is concerned the city will find it difficult to balance its fiscal 2016 budget.

A spokesman for Mayor Jorge Elorza says the fiscal year 2015 budget relied on numerous one-time fixes and that the mayor has budgeted funds to pay down the cumulative deficit.

The Elorza administration last month revealed the city finished the fiscal year with a $5 million deficit.



State law requires municipalities to pay cumulative deficits down over five years.

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Information from: WPRI-TV, https://www.wpri.com

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