Lawmakers Looking To Blunt Budget Cuts at CUNY Focus on Property Tax Exemptions for Elite New York Universities
Two lawmakers at Albany say Columbia and NYU need to pay more than $300 million in yearly property taxes.
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 city university system.
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