February 27, 2004
Sinking Their Teeth Into Sacred Cows
Strapped for cash, cities seek money from colleges' tax-exempt propertyFacing big budget deficits and dwindling revenues in the wake of the worst economy in years, some cities have their eyes on a resource that has been largely off limits up to now: property-tax payments from local colleges.
In Pittsburgh, the mayor is threatening to make Duquesne University pay taxes on a building it wants to buy and take off the city's tax rolls. Lasell College, another private institution, is
This content is only for subscribers. You can gain access by purchasing a:
Print Subscription
Digital Subscription
Already have an account? Log In Now.
-
Research
-
Faculty
-
Advice
