Word: upkeep
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...suffered financially from cutbacks in the Faculty's budget is likely to look upon the Science Center as a symbol and source of economic woes. For although the entire cost of building the enormous structure came solely from capital amassed from contributions outside of the Faculty budget, the yearly upkeep of the building--expected to total about $1 million--will come exclusively from the Faculty budget...
...capital gain-usually one-half his normal tax rate. If he reinvests the entire proceeds in another house or condominium within a year, he can avoid income taxes completely. If he wants to rent out his newly vacated condominium instead of selling it, he gets tax deductions for upkeep and depreciation. Meanwhile, interest charges on his mortgage are taxdeductible...
...suffered financially from cutbacks in the Faculty's budget is likely to look upon the Science Center as a symbol and source of economic woes. For although the entire cost of building the enormous structure came solely from capital amassed from contributions outside of the Faculty budget, the yearly upkeep of the building--expected to total about $1 million--will come exclusively from the Faculty budget...
...find a way to make up for the new debt. Leahy said that this money will be obtained through a "general trimming down" of Faculty expenditures--most likely in areas like Buildings and Grounds rather than teaching fellows' salaries. The greatest part of the cost of the upkeep of the Science Center comes from heating, exhaust and other mechanical expenditures--things which can't be cut back on if the building is to be used. The Science Center itself will thus bear little if any of the increased cost it will bring upon the Faculty...
...island is crime-free. "The biggest problem we have," says one guard, "is keeping sightseers off the island and breaking up teen-age parties that get out of hand." Each homeowner on the island pays an annual $220 assessment (nondeductible) covering the cost of the guards and general upkeep, but Islander Walter Smith, robbed twice in his previous flat, thinks the price is a bargain. "I always used to keep a loaded gun by the bed in our Beverly Hills apartment," he says, "but now I don't give it a thought." Rumors about the surrounding waters may contribute...