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University officials might see the recent call by Cambridge city councillors for a reassessment of the city’s losses due to Harvard’s tax exemptions as just an annoying political ploy. After all, nobody can force the University to renegotiate the thirteen-year-old payment in lieu of taxes (PILOT) agreement that was designed to govern the University’s voluntary payments to Cambridge until the year...
Harvard makes a voluntary payment in lieu of taxes (PILOT) that is currently $1.5 million annually. The University pays an additional $4.3 million in taxes every year for the land it owns that is not tax-exempt. The Massachusetts Institute of Technology (MIT) has a similar PILOT agreement...
...Harvard contributes a lot to the city, but Cambridge is also valuable to the University,” Toomey said. “It would be a magnanimous gesture on their part to increase their payment in lieu of taxes agreement...
...wheeled down the loading ramp of the hospital. For the first time we saw the bloodstains on her pink suit. She climbed into a white hearse with the lifeless body of her husband, while on the parking apron, the mortician argued with the Secret Service about payment for the casket...
Historically, Harvard has had a strife-filled relationship with the City of Cambridge. One major source of tension is Harvard’s payment in lieu of taxes (PILOT)—which currently amounts to about $1.5 million annually...