January 31, 2010
Payments in Lieu of Taxes: 'Contributions,' Say the Towns; 'Extortion,' Say the Colleges
As the current recession grinds on, municipalities and colleges increasingly find themselves cast as misunderstood fiscal opponents. Soothing town-gown tensions might need the balm of money, and lots of it.
From college towns to large cities, financially desperate local governments have increased, renewed, or considered for the first time asking colleges and other nonprofit property owners to pay their "fair share" of municipal services. Exemption from property taxes for such
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