Word: exemption
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Besides battles over buildings, a frequent charge city residents make against Harvard is that the tax-exempt University doesn’t contribute its fair share to Cambridge’s coffers...
...offer more. Harvard pays $4.3 million each year for its taxable land—sites where Harvard owns commercial businesses—and also makes a voluntary payment in lieu of taxes (PILOT) of $1.7 million for the 189 acres of land it owns but uses for institutional, tax-exempt purposes...
...April, City Councillors Marjorie C. Decker, Kenneth E. Reeves ’72 and Timothy J. Toomey co-sponsored an order asking city manager Robert W. Healy to report on how much tax-exempt property the local universities own and how much money the city would receive if the land were taxed...
...Some part of it has to be retroactive,” he says. “Its not what we lose [from tax-exempt properties]. It is what is one’s fair share...
Harvard’s plan to redevelop the Arsenal complex in Watertown draws criticism. The city claims that the University’s tax-exempt status will cost it tens of millions of dollars in lost revenue. The University claims it will pay a “generous and appropriate fee” in lieu of taxes. Busloads of school children stage a miniature protest...