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December 17, 2023

CUNY orders deeper spending cuts, putting course options and student services at risk

The City University of New York is slashing tens of millions of dollars from college budgets across eight of its 25 campuses, potentially gutting course offerings and student services from counseling to recordkeeping, the Daily News has learned. Central administration ordered the schools — including York, Brooklyn and Queens  colleges — to…

December 14, 2023

Queens pols want big universities in NYC to pay their ‘fair share’

A group of Queens lawmakers took aim at two of the city’s most powerful universities this week, demanding they pay their “fair share” of property taxes to directly fund their public counterparts. Assemblymember Zohran Mamdani and State Senator John Liu introduced legislation this week that would revoke Columbia University’s and…

December 12, 2023

Lawmakers propose nixing property tax break for NYU, Columbia

Columbia and New York University, popular and prestigious universities as well as massive city landlords, pay very little in property taxes as nonprofits. But that would change under a new state law proposed Tuesday to eliminate their longtime tax break in order to channel more revenue to the public City…

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

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).

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