Providence Mayor Brett Smiley has announced a proposal for the city's first green revolving fund.
Under the co-sponsorship of Council President Miller and Councilor AnderBois, the Green Revolving Fund would be established by a City Council Ordinance and signed into law by the mayor.
The revolving fund aims to sustain decarbonization and renewable energy efforts and invest funding with a goal of reducing energy consumption, costs and carbon emissions to prioritize sustainability efforts.
The funding from the city's capital improvement budget would be used strictly for energy efficiency projects, managed by the Department of Sustainability.
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