Word: exempted
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...October, dozens of city residents were filing into Cambridge Rindge and Latin School to hear city officials and community activists discuss Harvard's steady expansion into the city. Cambridge was in the throes of a regional recession, and many feared that the large tax-exempt University could devastate the city's coffers by removing newly acquired commercial properties from the tax rolls...
...report examines Harvard and MIT's voluntary payments to the city of Cambridge, which compensate for their tax-exempt property that collectively comprise "39 percent of the current value of Cambridge's taxable real estate," it says...
Under the second method, universities would be charged according to the amount of money the city loses in revenues from tax-exempt land. But in the report, Halverson argues that in the case of Cambridge, the city actually benefits from the universities' presence because the remaining property values and resulting taxes, are on average "two to three times those of other suburbs around Boston...
Still, this does little for students already at the College who expected at the time of matriculation to be able to enter honors programs with easier requirements. The staff should have also recommended that the English and Government Departments exempt students already at the College from the new rules...
...threatened to unseat the ruling Conservative Party in national elections, which must be held by mid-1992. Major's new scheme would assess owners and renters alike on the basis of the value of their dwellings, with a 25% reduction for individuals living alone. The poor will be exempt...