Liz Burke, WPRO News

In his State of the City Address, Providence Mayor Angel Taveras says there’s good news in the Capitol City.

“Working together, we have accomplished what few believed possible,” says Taveras. “We have all but eliminated our City’s $110 million structural deficit.”

In his speech, the Mayor said that they must manage the City’s finances responsibility but they want to continue moving Providence forward.

“We must act with all urgency to build our City’s economy, improve public education and public safety, and make our City healthier and more sustainable. We must address the devastating impacts of our nation’s foreclosure crisis and the worst economic recession since the Great Depression,” says Taveras.

During his May 2011 budget address, Taveras said that history would be made. During his address, he declared that; “We have made history”.

“Make no mistake; we expect to face challenges in the months ahead. But every day, I am reminded that Providence is truly the beating heart of our state. The state of our City is getting stronger. Providence is recovering,” says Taveras