Under the plan, the universities, which do not pay property taxes, would have to make payments to the City University of New York.
Tag: Property Taxes
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‘The Untouchables’: How Columbia and N.Y.U. Benefit From Huge Tax Breaks
As New York City’s budget tightens, its wealthiest universities are bigger and richer than ever. Now, some officials think it’s time for the schools to pay more in taxes.
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Adams Faces Criticism on Film Studio Development Deal
Generous incentives will secure a project that keeps New York’s motion picture industry competitive, officials say. Critics call the price too steep.
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Supreme Court Rules That States Are Not Entitled to Windfalls in Tax Disputes
In a unanimous decision, the justices sided with a 94-year-old woman who got nothing when the state sold her condominium to recoup unpaid taxes.
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Nanchang, Once a Symbol of China’s Growth, Signals a Housing Crisis
Nanchang’s skyscrapers represented urban transformation, but the city added apartments faster than its population grew. The result: vacant homes and offices.