Word: taxing
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Dates: during 1960-1969
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...third, to expand vertically (with high-rise construction) rather than laterally (by new property acquisitions) wherever possible; and fourth, to remain within the area bounded by Garfield Street to the north and Putnam Avenue to the southeast. Additionally, the university has since 1928 made voluntary payments in lieu of taxes to the City of Cambridge on properties purchased and removed from the tax rolls. Of course Harvard continues to pay taxes on property not used for educational purposes...
...such as Peabody Terrace) cannot be opened to non-Harvard residents without substantially increasing rents (even assuming, implausibly, that displacing students in favor of others would solve either group's housing problem). Such student buildings are legally exempt from taxation, though voluntary payments to the city in lieu of taxes are now made. Admitting non-students would terminate the tax exemption, the property taxes to be paid would be larger than the present in-lieu payments, and rents accordingly would have to be raised...
...assistance can put good housing within the grasp of big-city dwellers who earn an average of $7.500 a year, not to mention the poor. At Co-Op City, state and city governments helped with a long-term 90% mortgage at a low interest rate, a municipal real-estate-tax exemption, and investment in schools, and other capital improvements. Total assistance over 40 years, reckons Architectural Critic Walter McQuade in Architectural Forum, will reach about half a billion dollars. "Government is paying most of the ticket on this trip," he adds, "and government has the right to insist that...
...even after this immense military mortgage is taken into account, the financial bind should begin to ease in 1971. If Nixon chooses to keep taxes at present levels-without the surtax-he will enjoy the benefit of "a fiscal dividend." This dividend is created by the automatic rise in federal revenues that accompanies the economy's growth; automatic, that is, so long as the economy does grow, for recessions have not yet become unconstitutional. If the gross national product continues to advance at a rate of an average 6-7% annually, tax revenues will increase faster than federal expenses...
...world, said Wilkins, "they had better learn what the white boys are learning." It was "simple suicide," he added, for the black minority to talk of "separatism and going it alone." Demands for separate dormitories and classrooms, moreover, would unquestionably lead to court action over the legality of using tax funds for such purposes...