Boston initiative to raise property tax payments from nonprofits moves forward
PILOTs, or payments in lieu of taxes, on the part of nonprofit organizations are the holy grail for cities reliant on property taxes, and with property rolls heavy with nonprofit organizations (hospitals, universities, churches, etc.) whose tax exempt status extends to property.
Boston has a new initiative focused on this. See "City sends ‘tax’ bills to major nonprofits: Aims to triple voluntary payments within 5 years" from the Boston Globe.
Remember too that the Mayor of Providence, Rhode Island, sought to impose a capitation fee on each student enrolled in higher education institutions in that city, as a way to raise revenue. See "More cities look to universities to share costs amid recession" from the Globe (archive fee access required).
Labels: nonprofit management, property tax assessment methodologies, public finance and spending
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