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November 30, 2010

More cities look to nonprofits for cash

BOSTON (AP) — A new report says financially strapped U.S. cities are increasingly looking to tap tax-exempt nonprofits for cash, but methods of collecting payments in lieu of taxes from these institutions often lack consistency and transparency.

The report, to be released today by the Cambridge, Mass.-based Lincoln Institute of Land Policy, said more than 100 municipalities in at least 18 states are collecting millions in payments in lieu of taxes, including large cities such as Boston, Philadelphia, Pittsburgh and Baltimore.


 
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