WOONSOCKET, R.I. — Officials in a Rhode Island city say a proposal to convert a hospital to a nonprofit would be a major blow to the city’s finances, cutting off more than $1 million a year in property taxes.
Woonsocket Mayor Lisa Baldelli-Hunt said the city was blindsided by the plan from Prime Healthcare to make Landmark Medical Center nonprofit, meaning it wouldn’t owe the taxes. She told a state panel reviewing the proposal that the city needs the money.
The Providence Journal reports (http://bit.ly/2qQxS8z ) that the hospital has paid more than $4 million in property taxes over the past three fiscal years.
State Sen. Roger Picard, a Democrat from Woonsocket, said the taxes were key to approving the purchase of the hospital in 2013.
The company says it will fulfill all agreements made during the sale.
Information from: The Providence Journal, http://www.providencejournal.com