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Tuesday
May312011

BIDMC and PILOT Payments

Hospitals, universities and other nonprofit institutions in Boston make voluntary payments in lieu of taxes (PILOTs) which help to defray costs of municipal services such as police, fire, and snow removal.  BIDMCs payments, compared to other Boston hospitals, have been noticeably low for years. The Mayor’s PILOT Task Force has developed guidelines that will increase BIDMCs annual payment to $3.1M within five years.  Their current payment of $167,000 will grow to $750,000 next year.

  May 17, 2011: NPR’s All Things Considered: Cash Strapped Cities Put the Squeeze on Nonprofits

April 24, 2011: City Sends ‘Tax’ Bills to Major Nonprofits
January 3, 2011: Nonprofits Should Use Formula for Payments In Lieu of Taxes
May 31, 2009: Much is Given by Hospitals, More is Asked

Click here to read the full archive of articles.

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