September 10, 1999
In Bid to Ease Town-Gown Tensions, Harvard Increases Its Payments to Boston
Harvard University has agreed to pay $40-million to the City of Boston over the next two decades, an increase in existing payments that could ease tensions over the institution's property-tax arrangement, university officials have announced.
The money will come in the form of payments that Harvard makes in lieu of property taxes on certain buildings that are exempt from the city's assessments. The new arrangement will modify a formula used since 1975,
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