The resolution proposes an appropriation of $750,000 to WaterFire Providence. This funding is intended to support the organization's initiatives, which have contributed to the revitalization of downtown Providence. WaterFire Providence is recognized for attracting nearly one million visitors annually and generating significant economic benefits for the state, including an estimated annual economic output of over $151 million and direct tax revenue exceeding $11.9 million. The resolution aims to provide operational support for WaterFire's programs and events, which promote cultural tourism and economic growth in Rhode Island.