Boston feels pinch of higher learning as tax-exempt colleges skimp on payments - The Boston Herald
With major non-profit organizations Harvard and Boston University in the neighborhood, payments in lieu of taxes (PILOT) is a perennial issue of interest. The City Council held a hearing on Tuesday proposing that colleges and universities pay 25% of what their real estate taxes would be if they were not non-profits. If this formula were used, the 8 biggest schools would pay 16 times more than they do now. Will the schools really agree to pay so much more than they do under their current agreements?