Payments in lieu of taxes to city now total $3.6 million
Lifespan made a $400,000 payment in lieu of taxes last week to the City of Providence. The PILOT payments from the state’s largest health system to the city now total $3.6 million over the last seven years.
“Lifespan is proud of its vital contributions to our communities – from world-class health care to our standing as the state’s largest employer,” said Timothy J. Babineau, M.D., president and chief executive officer of Lifespan. “We take our commitment to the City of Providence and the community very seriously. Our community depends on us and we depend on their support. A critical part of our mission is to provide care to everyone who walks through our doors regardless of their ability to pay. We also invest millions in charity care and other community benefits. Lifespan is fortunate to have achieved a small operating surplus to make this PILOT payment possible.”
Lifespan also annually contributes more than $1.2 million in taxes to Providence on property either owned or leased by the health system. Its workforce is an economic engine for the city and state and has grown by nearly 25 percent from 2009 to nearly 15,000.
Providence Mayor Jorge O. Elorza said Lifespan’s collaborative efforts and investments in Providence are essential to the continued growth and success of Providence.
“We continue to look for ways to work collaboratively with our anchor institutions, including our health care partners. I thank Lifespan for their continued support of the City of Providence and look forward to working with them as we move our city forward together,” said Mayor Elorza.
Providence City Council President David Salvatore said it is vital for the city to work collaboratively and creatively to best leverage the resources and strengths not-for-profit organizations bring to the city.
“Whether it’s lifesaving health care or higher education, Providence is blessed with a vibrant nonprofit sector that positively impacts the lives of the capital city’s residents,” said Salvatore. “Lifespan’s PILOT payment is further proof of these special partnerships.”