Boston May Seek More Money From Nonprofit Institutions

Boston’s mayor is forming a task force to study how the city might increase the payments it receives from nonprofit institutions in lieu of taxes — especially the city’s numerous education and health-care organizations, reports The Boston Globe.

The universities and hospitals, which are exempt from property taxes because of their nonprofit status, pay voluntary fees to the city in varying amounts, the paper reports. If such Boston organizations were required to pay property tax, they would pay a combined $350-million to $400-million each year, city officials tell the paper. Instead, they give the city a combined $32.4-million, the Globe reports.

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