Tuesday, July 6, 2010

Tufts' Contribution

Question/Comment: What is the amount that Tufts University pays in lieu of taxes?

City Update: The City entered into an agreement with Tufts in 2004 whereby Tufts would make payments to the City for a ten year period in the amount of $125,000 annually through the year 2013. Tufts also offers a reduced charge for course audits, waiver of rental fees for the use of facilities, and financial support for local children in Tufts' early childhood programs. Somerville residents also receive additional consideration in the undergraduate admissions process and the University commits to an investment of at least $300,000 in need based grant aid each year for undergraduate students from Somerville.

1 comment:

  1. the mayor of boston is doing this to all boston universities/colleges and it is not helping to employ contractors,electicians ect during this economic time COLLEGE CONTRACT CONTSTRUCTION IS AT A STAND STILL!

    colleges are not all in favor of this (PILOT PROGRAM IE PAYMENT IN LUE OF TAXES
    SO NO WORK NO JOBS

    ReplyDelete

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