Business Excellence Awards
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By PBN Staff
With Providence Mayor Angel Taveras contending that the city will go bankrupt before the end of the fiscal year in June without increased support from the city’s universities and hospitals, the issue of payments in lieu of taxes has come to the forefront.
The question is, should large nonprofits – coincidentally among the region’s few growing enterprises – increase the amount of money that they pay the towns and cities in which they are located, given that the municipalities have been receiving a shrinking allocation of support from the state?