#Latest news with #BostonBudgetBloomberg28-05-2025BusinessBloombergBoston Seeks Money From Harvard as Trump Cuts FundingBoston is pushing local tax-exempt colleges including Harvard University to contribute more to city coffers by paying cash in lieu of property taxes. The city is seeking to lock in higher payments and longer commitments as it faces budget pressures due to plummeting office values downtown. But colleges, long the backbone of the Boston economy, are pushing back as the Trump administration continues its attacks on higher education. Harvard has been hit particularly hard amid its intensifying battle with the administration, which has frozen $2.6 billion in federal funding and moved to terminate all contracts with the school. Today on CityLab:
Bloomberg28-05-2025BusinessBloombergBoston Seeks Money From Harvard as Trump Cuts FundingBoston is pushing local tax-exempt colleges including Harvard University to contribute more to city coffers by paying cash in lieu of property taxes. The city is seeking to lock in higher payments and longer commitments as it faces budget pressures due to plummeting office values downtown. But colleges, long the backbone of the Boston economy, are pushing back as the Trump administration continues its attacks on higher education. Harvard has been hit particularly hard amid its intensifying battle with the administration, which has frozen $2.6 billion in federal funding and moved to terminate all contracts with the school. Today on CityLab:
28-05-2025
