Word: pays
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Dates: during 1990-1999
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Following what is accepted practice for non-profit institutions, Harvard pays Boston what is approximately equal the taxes the school would pay on graduate student housing (which is not technically used for educational purposes) plus an extra voluntary payment related to new construction at the Business School...
Under the new plan, Harvard will pay about the same amount to both cities in lieu of taxes, and Harvard officials said this should satisfy both Cambridge and Boston...
...added that had Boston and Harvard not reached an agreement, the city would have continued to push. "It was really just getting over the hurdle of why Harvard should pay," Rakow said...
There's no exact formula for determining the amount each non-profit must pay, but generally the costs cover city services like police and snow removal that the institution benefits from...
Legalities aside, the final deal was delayed even into July by a series of financial skirmishes, such as who would pay for repairs to the leaking Byerly Hall roof...