Sec. 5-14. - Cap on maximum tax rate increase.

a)

The State of Rhode Island, by and through its general assembly, has set forth laws controlling the process and procedures for municipal taxation. All property taxation processes and procedures are therefore defined and set forth by the general assembly and preempt any provision herein. The property taxation provisions of this Charter only apply to the extent that they do not conflict with the laws as enacted and as may be amended by the general assembly.

b)

The City of East Providence may levy a tax in an amount not more than three and one half percent (3.5%) in excess of the total amount levied and certified for the previous fiscal year.

c)

The amount levied by the City may exceed the increase specified herein only if the City or town qualifies under one or more of the provisions outlined in Rhode Island General Laws Title 44 Taxation, Chapter 5 Levy and Assessment of Local Taxes Subsection 2(d) Maximum levy, as may be amended from time to time.