Word: taxed
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Dates: during 1950-1959
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Tomorrow Boston voters will elect a new mayor for a city that is sick. Patronage pressures have expanded the city payroll to extravagant size, boosting the city budget. The incredibly high real estate tax--now $101.20 per $1000 assessed--has discouraged new building and driven some long established business to other cities. As they leave the tax base shrinks, and the city is forced to increase the tax rate for those who remain. And Boston faces other, secondary problems too: public transportation, inadequate parking, the "abatement racket," and juvenile delinquency, to name just a few. As the suburbs enjoy booms...
Second, the Senate President accused Collins of accepting legal fees of $65,000 from the Boston Housing Authority under curious circumstances. Yes, replied Collins, he had done legal work for the Authority, but had never received the sum mentioned. In a counterattack, he said Powers had pocketed $140,000 tax-free from the proceeeds of a testimonial dinner held last March...
Third, Powers has suggested that tax payments might be made in two installments--a simple proposal that would free the city from carrying expensive short-term loans for operating expenses...
...central issue, however, is Boston's abnormally small tax base, and the resultingly high tax rate. Of the twenty largest U.S. cities, Boston is the only one which relies solely on real estate taxation to provide operating funds each year. And the large amount of tax-free property within the city itself--Boston College, Boston University, Simmons College, several large hospitals, numerous churches--imposes an additional burden...
...attempt to extract money from some of these institutions, Collins has suggested that, without altering their tax-exempt status, they should pay to the city a "donation in lieu of taxes," similar to the procedure that both Harvard and M.I.T. follow in Cambridge. But this proposal is not as simple as it may sound, for, while the city is poor, so are the colleges...