On April 15, 2026, Mayor Brett P. Smiley presented the proposed fiscal year 2027 budget for Providence, focusing on enhancing city services without raising taxes or fines despite economic challenges. The budget addresses inflation, high interest rates, and aging infrastructure while avoiding additional financial burdens on residents and small businesses. A key feature is a new rent relief program offering emergency grants up to $3,000 to households earning up to 80% of the Area Median Income, prioritizing those at or below 60% AMI, aimed at preventing eviction and housing loss. This initiative complements ongoing efforts to combat the housing shortage through streamlined development, increased affordable housing investments, and alignment with health services. Providence is on track to exceed state housing targets and build more homes per capita than Boston and New York City. The budget also supports public safety by funding modern equipment for first responders and continuing efforts to remove illegal guns from neighborhoods. Overall, the FY27 budget reflects Mayor Smiley’s commitment to affordability, housing stability, and community safety without increasing residents’ financial strain.