Word: tax-exempt
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Although Harvard is the largest individual landowner in both Cambridge and Boston, it enjoys tax-exempt status on much of its real estate. To partially compensate the community for the loss of revenue, the University makes annual payments in lieu of taxes...
...Residents of the Edgewood Independent school district, a poor, largely Hispanic area in west San Antonio, are willing to pay for good schools. Property taxes are high -- almost $1 per $100 of assessed valuation. But because the district encompasses part of a tax-exempt Air Force base and lacks tony subdivisions, the tax rate translates into $3,596 per student. In the Santa Gertrude school district, located on the oil-rich King Ranch in south Texas, property taxes are low -- only 8 cents per $100 of assessed valuation -- but the total spent per student...
...activists hailed it as the most important civil rights legislation in 20 years. I am just as proud of my role within the Cabinet to maintain a strong federal affirmative-action program and to secure an extension of the Voting Rights Act and to help the President resolve the tax-exempt status of Bob Jones University...
City Council candidate Jonathan S. Myers, for example, estimates that Harvard's annual payments, based on the value of its tax-exempt land, should be closer to $6 million...
...remain determinedly upbeat, citing an ambitious $437 million plan for developing the East St. Louis riverfront that would include a cargo port, recycling center and high- rise apartments overlooking the river and downtown St. Louis. But no work has been done on the project for three years, and the tax-exempt status of the bonds sold to finance it is under review by the Internal Revenue Service. "I'm still optimistic," Officer insists. "We'll haul ourselves up by our bootstraps." But attorney Rex Carr, a lifelong resident of the city, has a dimmer view. "East St. Louis today doesn...