- Associated Press - Wednesday, May 17, 2017

WOONSOCKET, R.I. (AP) - 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 (https://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.

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Information from: The Providence Journal, https://www.providencejournal.com

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