Word: tax-exempt
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Boston Mayor Kevin H. White will file suit seeking reimbursement from the Massachusetts legislature for tax money the city currently loses from tax-exempt institutions, a spokesman for the mayor's office said yesterday...
White will also ask the state to pay Boston 20 per cent of the money the city would receive if the tax-exempt institutions were required to pay property taxes, Dennis Sullivan, assistant press secretary for the mayor, said. Last year, that would have been over $35 million, he said...
...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...
Cabot, senior vice president of Wellington Management was officially appointed Wednesday. The announcement came only hours after George Putnam '49, treasurer of the University, was notified that the establishment of a separate management company, wholly owned by the Corporation, would not endanger the tax-exempt status of Harvard's portfolio...