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Payments%20In%20Lieu%20of%20Taxes<%2Fa>%20for%20decades,%20this%20marks%20a%20major%20change%20to%20a%20system%20that%20feels%20to%20some%20organizations%20uncomfortably%20close%20to%20tax%20bills.%0D%0A%0D%0A%0D%0Ahttps%3A%2F%2Fwww.nonprofitpro.com%2Faggregatedcontent%2Fcity-boston-sends-tax-bills-major-nonprofits%2F" target="_blank" class="email" data-post-id="20062" type="icon_link">
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For the first time, Boston’s major tax-exempt institutions — its premier hospitals, universities, and cultural centers — are being asked to make regular voluntary payments to the city based on the value of their property to help offset the rising cost of city services and cuts in state financial aid.
Although many of the city’s nonprofit organizations have been making so-called Payments In Lieu of Taxes for decades, this marks a major change to a system that feels to some organizations uncomfortably close to tax bills.
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