New Jersey Town Cites College's $219,000 Table as Burden

New Jersey Town Cites College's $219,000 Table as Burden

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Even as the U.S. economy improves, municipal taxes aren’t growing as quickly as they did before the recession, while expenses continue to mount, said Naomi Richman, a managing director at Moody’s Investors Service in New York. The “steady beat” of town officials targeting nonprofits show that they’re struggling with antiquated tax structures and deep fiscal imbalances, said David Thompson, vice president of public policy at the National Council of Nonprofits in Washington.

“This is not a nonprofit tax-exemption problem,” he said by telephone. “It’s a municipal government fiscal problem.”

Source Name: 
Bloomberg
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