April 25, 2011
The City of Boston is sending letters to 40 major nonprofit organizations formally requesting voluntary payments in lieu of taxes (PILOTs) of up to 25 percent of what they would otherwise pay if they were not exempt from property taxes. The letters went to universities, hospitals, and cultural institutions. The city expects to increase PILOT payments from the $15 million paid this year to $48 million over a five-year ramp-up period. The amounts being sought are based on a formula developed by a mayoral task force in 2009.
Source: National Council of Nonprofits
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