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News & Events

December 12, 2023

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…

December 12, 2023

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…

December 12, 2023

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…

December 12, 2023

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."

December 11, 2023

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…

December 11, 2023

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,…

December 11, 2023

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…

December 11, 2023

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).

December 11, 2023

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…

December 10, 2023

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…

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