Providence City Council presses for restoration of state PILOT funds

THE PROVIDENCE CITY COUNCIL has determined the assessed value of property owned by four nonprofit institutions exempt from paying city property taxes, including Brown University, is $1.77 billion. / COURTESY BROWN UNIVERSITY
PROVIDENCE – The City Council has put a price on its tax-free hosting of nonprofit institutions such as Brown University, Johnson & Wales University, Rhode Island School of Design and Providence College. A resolution before the council states that the assessed value of the property owned by the four institutions is $1.77 billion. The resolution…

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