Word: taxes
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Dates: during 1960-1969
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...date. Wiggins says. the revisions in plans have not been enough to get anticipated rents down to the level Faculty members would like. Harvard is planning for the project to be fully tax-paying and self-supporting so, aside from the construction savings, the only possible savings are in the method of financing. And here Harvard has been disappointed to date...
...University is planning to finance the project under Massachusetts's newly-established Health and Higher Education Facilities Authority. In essence, this authority helps universities, hospitals. etc. to finance construction at the rate of interest for tax-exempt bonds, rather than at the higher market interest rate. The authority issues bonds to finance the construction, owns the project when it is completed, and rents it to the University for a nominal fee. The bonds are then retired out of the revenues of the project-rents in the case of Shady Hill...
...problem is that the authority has just been established, has not financed any projects to date, and when it does, may require higher interest rates than it would have a few years ago. Present high interest levels, a flooding of the tax-exempt bond market by new issues, and investors' uncertainty of what the current tax reform proposals will do for tax-exempt bonds have all contributed to drive up the rate on this kind of bond. "We'd like to talk about five per cent, but we're forced to talk about seven per cent. When you're trying...
...about buying an encyclopedia produces an identical offer for the same price-without the requirement of a letter praising the encyclopedia. The Boston office of Collier's offers the 24 volumes for $339.50, but also offers the combination deal for the same base price-$479.50-as in Louisville. Additional tax, interest, and yearbook charges push the total about one hundred dollars higher...
...yesterday's City Council meeting, Vellucci introduced a resolution asking the Board of Assessors to compile a list of all the properties-tax-exempt and tax-paying-which Harvard owns in Cambridge, and to total up the amount of taxes and in-lien-of-tax payments the University pays to the City. The council unanimously passed the resolution after Vellucci amended it to include M.I.T. and Radcliffe...