Wednesday, November 04, 2015

Northampton Nonprofits Asked to Increase Voluntary Payments

massnonprofit news ::: "November 2, 2015 — Eleven Northampton nonprofits with property holdings valued above $1 million are being asked to make voluntary payments pegged to the value of their property, in lieu of taxes, much as Boston has done, starting a debate about the role of nonprofits in that city.

The payment-in-lieu-of-taxes program, commonly referred to as PILOT payments, proposed by Mayor David J. Narkewicz last month, which expands an existing PILOT program, would be phased in over three years."

'via Blog this'

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