this week’s poll

Are Providence’s major nonprofit institutions making large enough payments in lieu of taxes to the city?

Yes, they contribute greatly to the region thanks to the relief that tax-free status gives them 45% | 43 votes
No, everyone needs to do more to help the city out 52% | 49 votes
I don't know 3% | 3 votes
Posted 12/23/12

With the announcement last week of a new agreement with Providence College to make increased payments to the city in lieu of taxes, Mayor Angel Taveras has convinced all seven of the major nonprofit educational and health care institutions located in Providence to increase their Pilot payments.

The effort by the mayor is part of his strategy to help the city establish more stable fiscal footing. And while the amounts are substantial, they are still well short of what the city’s universities and medical institutions would be paying in taxes if they were not exempt.

Is this a good deal for Providence and the nonprofits, or should the tax-exempts starting paying as if they were taxable?

1 comment on this story | Add your comment
Please log in or register to add your comment
FScott

The resources the non-profits bring into the city of Providence far out weigh any tax relief they receive. Without many of these institutions, there would be no downtown Providence. I believe their contributions to the city and the state are significant and we should be cautious about greed taking over from common sense. Leave the non-profits alone and concentrate on how the city as well as the state can bring more business into Rhode Island and Providence Plantations in order to create a stronger economic and environmentally secure Rhode Island.

Friday, December 28, 2012 | Report this
Calendar
PBN Hosted
Events

Only a few seats remain for PBN's Manufacturing Awards Dinner and Ceremony, Thursday, April 24th, at the Bryant University Bello Center. Don't hesitate. Register today!
  • Business Women
    Accomplished. Confident. Wicked Smart. Nominate women you know who deserve speci ...
  • 40 Under Forty
    It's the 10th Anniversary of 40 Under Forty, and PBN is planning a special event ...
  • Healthiest Employers
    Enrollment now open for the 2014 Healthiest Employers Program. Please take a mom ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News