Business Services Industry
Providence, R.I., Mayor Calls On Colleges to Pay Their 'Fair Share'.
Knight Ridder/Tribune Business News, March, 2003
By Scott MacKay, Providence Journal, R.I. Knight Ridder/Tribune Business News
Mar. 9--PROVIDENCE, R.I.--Should private colleges and universities be forced to make payments to help cities -- in particular, cash-strapped Providence -- pay for plowing streets, arresting criminals and educating children?
A little-noticed provision in Governor Carcieri's budget proposal that would require such payments has Mayor David N. Cicilline cheering and college presidents in an uproar.
Nonprofit private colleges are tax-exempt nationwide, but many, including Brown University's fellow Ivy League institutions, Harvard, Yale and Princeton Universities, make cash payments to their host communities to help offset the tax-exempt status of their...
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