I get it, you’ve read a lot of articles this month about the Make Cornell Pay movement. You heard about the draft settlement last week and the strike on Monday, and maybe you even knew about the council vote on Wednesday. Regardless, you may or may not agree that Cornell ought to pay Ithaca more … [Read more…]
To the editor: Cornell University has the immense privilege of being exempt from property taxes. It enjoys this privilege due to New York State law’s treatment of nonprofit organizations, the underlying purpose of which is to help sustain institutions that will serve the public interest. The tax exemption is a public subsidy to Cornell to … [Read more…]
Wealthy universities across the country benefit from tax exempt status while they sit on endowments in the billions that grow every year and collect millions in tuition dollars annually. Their tax exempt status can have a significant impact on the budgets of the cities and towns that host them. PiLOTS (payments in lieu of taxes) … [Read more…]