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10-27-14 Council Agenda & Packet
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10-27-14 Council Agenda & Packet
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City Council - City Clerk
City Council - Document Type
Agendas
City Counci - Date
10/27/2014
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Tax haven - The Yale Herald Page 4 of 18 <br />Review and Audit Commission. By his <br />calculations, this means that if Yale were <br />legally a for - profit corporation, or in some <br />other way a tax - paying entity, it would cough <br />up about $100 million annually in property <br />taxes. <br />In an effort to alleviate its burden on the city's <br />purse, every year since 1991 the university has <br />made sizable voluntary cash payments to the <br />city: $82 million in purely voluntary <br />contributions over the last 22 years, including <br />$8.2 million this year, according to Lauren <br />Zucker, Associate Vice President and Director <br />of New Haven Affairs at Yale. According to <br />university officials, this is the largest voluntary <br />contribution any American university makes to <br />its home city. <br />Nonetheless, some argue that Yale fails to <br />provide enough financial support for the <br />economically distressed city in which it sits. "I <br />would use the relationship between Yale and <br />the city of New Haven as a textbook case of <br />the opposite of fair," said Richard Wolff, GRID <br />'67, PHD '69. Wolff, now a professor at the <br />New School in New York, studied at Yale in <br />the 196Os before going on to teach economics <br />at Yale from 1967 to 1969. "It is a grotesque, <br />undemocratic, outrageous abuse of a host <br />community by its largest landowner, its largest <br />employer, its wealthiest citizen," Wolff told me. <br />http: / /yaleherald.com/homepage -lead- image /cover- stories /tax - haven/ 10/23/2014 <br />
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