Providence city government and the Providence Journal have reached an agreement on the ProJo’s tax assessment lawsuits that will lower the newspaper’s property tax liability on its properties in Providence by about $2.5 million.
Under terms of the deal approved by Superior Court Judge Patricia Hurst, the Journal will get a tax credit of $625,000 in 2012, $833,333 in 2013 and about $1 million in 2014.
The settlement was filed in court last Friday before a trial on the issue, which was scheduled to begin today.
As the Providence Journal continues to wrestle with the challenges facing old-line media, reporters at the statewide daily are being encouraged to increase their use of social media.
A recently issued five-page set of social media guidelines “demonstrates a lot of faith in the professionalism of the people who work here,” says reporter John Hill, president of the Providence Newspaper Guild. ”Basically, the policy is, ‘don’t be a jerk.’ “
The Providence Journal, the state’s largest newspaper and the local arm of the Texas-based Belo Corporation, has long called in editorials for non-profit institutions in the capital city to pay more to support city government. This has led the newspaper to support Mayor Angel Taveras’ efforts to get more payments-in-lieu of taxes from Brown University, Johnson & Wales University, Providence College, Women& Infants Hospital and Rhode Island Hospital.