Remarks of President Eliot of Harvard University Before the Recess Committee ...
Remarks of President Eliot of Harvard University Before the Recess Committee ...
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The exempted property in Williamstown is 70% of the assessable property, whereas in Province- town the exempted property is only 2£% of the assessable property.
What a great disadvantage Williamstown must be under ! Yet the tax-rate in Williamstown in 1905 was $18.80, and in Provincetown $20 ; and in 1906 in Williamstown it was $18.70, and in Provincetown Digitized by Google $19.50. Again the lower rates in the town where a college is situated, and which has exempted property amounting to 70% o...f its assessable property. It is a significant fact, considering the lamentable picture painted here of the condition of Amherst and Northampton, that both towns had tax-rates in 1904 lower than the average tax-rate in Hampshire County.
I will put this matter in one other form. Cambridge is said to have $25,000,000 of exempted property. Now suppose some bene- factor or benefactors should give Harvard University to-morrow $20,000,000. Much of that sum would ultimately get into Cam- bridge as exempted property in buildings, collections, and appara- tus ; but the assessable property in Cambridge would not be dimin- ished, but on the contrary much increased, because the University would be made richer and better and would have more teachers, students and workmen whose expenditures would increase the busi- ness done in the city and therefore its tax receipts.
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To quickly assess the difficulty of the text, read a short excerpt:
The exempted property in Williamstown is 70% of the assessable property, whereas in Province- town the exempted property is only 2£% of the assessable property.
What a great disadvantage Williamstown must be under ! Yet the tax-rate in Williamstown in 1905 was $18.80, and in Provincetown $20 ; and in 1906 in Williamstown it was $18.70, and in Provincetown Digitized by Google $19.50. Again the lower rates in the town where a college is situated, and which has exempted property amounting to 70% o...f its assessable property. It is a significant fact, considering the lamentable picture painted here of the condition of Amherst and Northampton, that both towns had tax-rates in 1904 lower than the average tax-rate in Hampshire County.
I will put this matter in one other form. Cambridge is said to have $25,000,000 of exempted property. Now suppose some bene- factor or benefactors should give Harvard University to-morrow $20,000,000. Much of that sum would ultimately get into Cam- bridge as exempted property in buildings, collections, and appara- tus ; but the assessable property in Cambridge would not be dimin- ished, but on the contrary much increased, because the University would be made richer and better and would have more teachers, students and workmen whose expenditures would increase the busi- ness done in the city and therefore its tax receipts.
What to read after Remarks of President Eliot of Harvard University Before the Recess Committee ...?
You can find similar books in the "Read Also" column, or choose other free books by Eliot Charles William to read onlineMoreLess
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