Wednesday, October 29, 2014

Boston Nonprofits Post Spotty Performance in PILOT Program

massnonprofit news ::: " Voluntary payments from nonprofits to the City of Boston in lieu of taxes are lagging, three years after the city initiated an effort to boost payments from its 49 largest nonprofit landowners.

Three years ago, Boston launched a program, the first of its kind in the country, in which nonprofits that own property valued at $15 million or greater were asked to pay up to 25% of what they would owe if their property were not tax-exempt.

'via Blog this'

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