Lawmaker seeks to end property tax exemptions for NYC’s private universities
State lawmakers have introduced a new proposal aimed at eliminating property tax exemptions for various private universities, notably targeting prestigious institutions such as NYU and Columbia University. The universities have reportedly saved hundreds of millions of dollars thanks to the tax exemptions, which they have then used to acquire additional…
New York University & Columbia University would lose tax exempt status under newly introduced bill
New York University and Columbia University are in danger of losing their tax exempt status, which translates to hundreds of millions of dollars a year. Columbia and NYU are known for many things -- excellent education, beautiful campuses, and not paying property taxes. According to the state constitution, they don't…
Legislators Launch State Bills to End $321 Million Yearly Property Tax Exemptions for Columbia and NYU
At Columbia University on Tuesday, December 12, the PSC joined state lawmakers to unveil legislation which would end property tax exemptions for private universities who had over $100 million written off their tax bill in the last fiscal year. The bill would impact Columbia University, which is the largest private…
NYU and Columbia tax-exempt bill debate
FOX 5 NY's Sharon Crowley has the details on the bill and why the state senator sponsoring it says it's time for these schools to "pay up."
Lawmakers Looking To Blunt Budget Cuts at CUNY Focus on Property Tax Exemptions for Elite New York Universities
Two of the most elite universities in America — Columbia University and New York University — have become the targets of a new effort by state lawmakers who want the schools to pay their property taxes. They say the $327 million the schools owe could be used to fund the…
NY State could recoup millions in property tax breaks from Columbia, NYU under new bill
New York could recoup hundreds of millions in property tax exemptions from Columbia University and New York University under new state bills — and funnel those dollars into the city’s public university system. The two universities are currently spared from paying taxes totaling more than $320 million on their hundreds of private properties each year,…
Columbia, NYU Might Soon Lose Property Tax Exemptions
Columbia University and New York University may soon be required to pay hundreds of millions of dollars in property taxes, as state legislators seek to rescind the two private academic institutions’ long-standing property tax exemption. The measure, which will be introduced in the state Legislature on Tuesday, would require the…
This new bill could mean the end of a lofty property tax exemption for Columbia, NYU
State lawmakers will propose legislation this week to revoke the lofty property tax exemptions enjoyed by Columbia University and New York University (NYU), with the revenue from the wealthy institutions redirected to the financially embattled City University of New York (CUNY).
Opposing the Mayor’s Cuts to CUNY and Other City Agencies
PSC President James Davis stood with members of the City Council’s Progressive Caucus, NYS Senators Jabari Brisport and Gustavo Rivera, Assembly Members Zohran Mamdani, Public Advocate Jumaane Williams, and The Peoples Plan coalition on Monday, December 11 to oppose Mayor Adams’s unnecessary mid-year cuts to CUNY, libraries, schools, parks and…
Columbia, NYU could lose longstanding property tax exemption under new bill
Both Columbia University and New York University could be forced to pay hundreds of millions of dollars in property taxes if state legislators are able to revoke a longstanding property tax exemption held by the two private academic institutions. The bill – which will be presented on Tuesday in the…
