3 ms·

Yale pays $15m in taxes per year apparently, or at least did in 2011. https://web.archive.org/web/20110907184503/http://www.yale.edu/onhsa/about_YaleNH.htm htt

• colechristensen 8y ago
  That seems minuscule. The Yale endowment is a hair away from $30 billion dollars. Their budget is $4 billion per year. I don't feel good about tax benefits for organizations that big.
• phyller 8y ago
  I'm not disparaging Yale at all, just explaining how a lot of untaxable property can affect a city. Yale owns a lot of commercial properties in New Haven, including stores and offices. I'm sure they pay taxes on those. And like a lot of universities they pay for their own police and emergency services which takes a burden off the city. But there is also University of New Haven, Southern Connecticut State University, Albertus Magnus College, and Gateway Community College, as well as Yale-New Haven Hospital and all its satellite buildings and St Raphael. This is all in a town of 130,000 people, a quarter of whom live below the poverty line. Again, not saying any of these are bad institutions, or that the problems in New Haven are their fault, just that it is a tricky situation to deal with. https://www.politico.com/story/2017/12/31/yale-new-haven-hospital-community-trust-261660 https://www.politico.com/story/2017/12/31/yale-new-haven-hos...