Word: watertown
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...This is a huge overreach of their purported tax exempt status,” said Watertown Town Manager Michael Driscoll at a rally against Harvard three weeks ago. “To take this action will cripple the financial stability of this community...
According to Watertown officials, the loss of tax revenue will hurt Watertown schools the most, since the school budget is funded through property taxes...
...decrease is our tax base will amount to a decrease in our school’s budget,” says Watertown school committee chair Anthony P. Paolillo...
...just as in Riverside, history plays a major part in the battle in Watertown, as residents feel they are entitled to receive more from the land after investing $100 million of federal, state and local money to clean toxic waste from the property, allowing it to be developed into a home for Internet and consulting firms over the last several years...
Harvard has currently offered sliding scale payments of $2.7 million for 20 years—an offer that Watertown has rejected as too low, leading them to file a home rule petition with the Mass. state legislature calling for full tax payments...