Posts Tagged: PILOT

Higher Ed’s Local and Regional Economic Impact: A NEBHE Conference and Recent Evidence

Our longstanding interest in the ways colleges and universities enrich their communities and the region will be on full display at NEBHE's April 3 conference on "Locally and Regionally Engaged: New England Colleges and Universities as Drivers of Innovation, Workforce and Economic Development." It promises to be a fascinating gathering focused not only on economic impacts such as building a...

Drop the PILOT? Not Yet, Say Cash-Strapped Municipalities

Private colleges, nonprofit hospitals, museums, soup kitchens and churches are exempt from property taxes. As cash-strapped host municipalities look for more revenue, their interest in collecting payments in lieu of taxes (PILOTs) from charitable nonprofit organizations will grow, according to a report by the Cambridge, Mass.-based Lincoln Institute of Land Policy.In recent years, many cities h...