PROVIDENCE, R.I. (WLNE) — Providence Mayor Brett Smiley and Brown University Health President and CEO John Fernandez said that a Payment In Lieu of Taxes agreement has been signed between the city and the hospital system. Officials said the agreement guarantees the hospital system will contribute $1.5 million in voluntary payments to the city over three years. Brown University Health will also make two annual installments of $750,000, and its community contributions to the city will have an estimated value of $50 million annually. “By signing this agreement with Brown University Health, we’re reinforcing the critical role that Providence’s tax-exempt institutions play in supporting the city’s growth and long-term sustainability,” Smiley said. “This agreement reflects our continued commitment to ensuring these institutions contribute meaningfully to the city, not only through financial support but also by working together to strengthen the future of our community.” Smiley added that Brown University, alongside the Rhode Island School of Design, Providence College, and Johnson and Wales University, have “committed millions in financial support and contributed thousands of volunteer hours” as part of the PILOT program. Categories: News, Providence, Rhode Island