Providence faces a $110-million deficit, enormous pension problems and the aftershocks of a three-year recession.
Mayor Angel Taveras unveiled a plan to tax nine tax-exempt hospitals, colleges and universities, a move that could raise $7 million more in the year that begins July 1. Without that amount, and other cost-saving measures, Taveras said the city may “free-fall over the edge into dark, uncharted territory.”
The mayor’s request follows a similar one by Boston Mayor Thomas M. Menino, who has asked 40 major nonprofits to make partial payments on property worth $13.6 billion.
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%0D%0A%20%20The%20mayor’s%20request%20follows%20a%20similar%20one%20by%20Boston%20Mayor%20Thomas%20M.%20Menino<%2Fa>,%20who%20has%20asked%2040%20major%20nonprofits%20to%20make%20partial%20payments%20on%20property%20worth%20$13.6%20billion.<%2Fspan><%2Fspan>%0D%0A%0D%0A%0D%0Ahttps%3A%2F%2Fwww.nonprofitpro.com%2Faggregatedcontent%2Fprovidence-mayor-targets-9-nonprofits-tax-collection%2F" target="_blank" class="email" data-post-id="18428" type="icon_link"> Email Email 0 Comments Comments