Word: exempt
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
CAMBRIDGE, like many other old industrial towns in the Boston area, must combat the increasingly serious problem of an ever-shrinking tax base. As more and more of the taxable property in the city shifts from private residential and industrial ownership to non-profit, tax-exempt institutions, the city loses large amounts of its potential tax revenue. A shrinking tax base and an increasing city budget add up to a greater and greater tax burden that must be born by Cambridge homeowners and businessmen. And, in the last few years, these individuals have placed mounting pressure on the city government...
...present, 58 per cent of the land in Boston is owned by tax-exempt institutions, such as universities, museums, and the federal government...
...past, White has asked the legislature to grant the city the power to collect taxes directly from tax-exempt institutions, but lack of success in that direction has prompted this year's suit and proposals, Sullivan said...
...recognize that the tax-exempt status of institutions such as Harvard is reasonable--Harvard is an asset to the city--but we can't afford the loss of revenue," Sullivan said...
...rely on voluntary in-lieu-of-tax payments, but most of the tax-exempt institutions, even Harvard, can't afford it any more than we can," Sullivan said...