City of Central Falls, City Clerk

City of Central Falls, City Clerk CITY OF CENTRAL FALLS
NOTICE OF PROPOSED PROPERTY TAX RATE CHANGE
The City of Central Falls, Rhode Island, proposes to increase its property tax levy to $16,735,818 in the 2025-2026 budget year; the property tax levy this year is $16,173,098. THIS IS A PROPOSED INCREASE OF 3.48%.
The City of Central Falls has conducted a statistical revaluation of property as of 12/31/24 which is mandated by the State of Rhode Island. It has been estimated that the proposed increase in property tax revenues will result in a property tax rate of $8.81 per $1,000 of assessed valuation for owner occupied residential real estate, a property tax rate of $13.21 per $1,000 of assessed valuation for non-owner occupied residential real estate, $21.75 per $1,000 of assessed valuation for commercial real estate, and $38.33 per $1,000 of assessed valuation for tangible personal property, as compared to the current property tax rate of $12.55 per $1,000 of assessed valuation for owner occupied residential real estate, $18.81 per $1,000 of assessed valuation for non-owner occupied residential real estate, $30.96 per $1,000 of assessed valuation for commercial real estate, and $38.33 per $1,000 of assessed valuation for tangible personal property.
Property tax rates of $8.84 for owner occupied residential real estate, $13.30 non- owner occupied residential real estate, $21.81 for commercial real estate, and $38.33 for tangible personal property would be needed in the coming budget year to raise the maximum levy authorized by Section 44-5-2 of the Rhode Island General Laws.
The City of Central Falls public hearing for the FY26 Budget will be considered on Monday, June 2, 2025 at 6:00 PM and Monday, June 9, 2025 at 6:00 PM at City Hall, 2nd floor, Council Chambers. A link can be seen on the City Website.
The above property tax estimates have been computed in a manner approved by the Rhode Island Department of Revenue.
Maria Rivera, Mayor
City of Central Falls, Rhode Island
CITY OF CENTRAL FALLS REPORT TO TAXPAYERS ON CURRENT AND PROPOSED BUDGET
General Fund Revenues
Tax Revenue
Emergency Reserve Fund Fees/Non Tax Revenue State Revenue
Other Revenue
Total Revenues
General Fund Expenditures
City Executive Management City Council
City Boards
City Clerk
Current Budget 2024-2025
$16,233,320 (155,083) 1,644,000 3,358,912 87,500
$ 21,168,648
$
Proposed Budget 2025-2026
$16,665,725 (160,657) 1,778,200 3,500,099 77,500
21,860,867
$433,060 41,160 15,600 357,035 40,000 291,686 276,934 139,870 882,926 1,711,283 350,949 419,373 114,116 3,109,453 4,627,247 80,593 147,996 4,459,969 652,517 1,252,506 1,256,223 1,044,865 155,507 $21,860,867
$(0)
$456,012 41,160 15,600 355,339 45,000 Personnel 286,349 Legal 243,000
Board of Canvassers
Tax Assessor
Finance
City Property
Recreation
Planning
Constituent Service & Health Other City Government Police
Animal Control
Judiciary
Fire
Dispatch & Emergency Mgmt Highway / Code
Public Works
City Debt Service
Library
Total General Fund Expenditures
Operating Surplus*:
150,914
879,794 1,319,109 351,978 397,131 119,772 2,928,288 4,587,200 79,102 142,309 4,312,022 704,912 1,343,754 1,190,467 1,064,539 154,896 $21,168,649
$(0)
*Operating surplus reflects the difference between current revenue and current expenses.
This is to certify that the data contained in this report are accurate to the best of my knowledge. 5/12/2025
Maria Rivera, Mayor