To the Editor:
A letter in the July 25 Town Topics mailbox (“If University Were to Expand Without Zoning, Where Would the Town go?”) mistakenly claims that Brown University has increased its payments to its municipality (Providence) to $30 million a year. Here are the facts:
Brown recently reached an agreement under which it will increase its combination of tax payments plus voluntary contributions by a total of $32 million over 11 years. Specifically, it will make payments of $8 million per year for five years, followed by $6 million per year for six years. This compares to a current annual payment (taxes plus contribution) of $4 million.
Princeton University’s current tax and voluntary payment to Borough and Township is over $10 million per year. So Princeton Borough and Township together are already receiving more from Princeton University than Providence will receive from Brown even in the early years of the agreement, and much more than Providence will receive in the later years.
As a percentage of the municipal budget, Princeton’s contribution is much greater. The combined municipal budgets of the two Princetons are just over $60 million while the Providence municipal budget is just over $300 million.
As part of its contribution agreement, Brown acquired title to several public streets near its campus and a long-term lease for 250 parking spaces on public streets for Brown employees. Princeton’s tax payments and voluntary contributions do not involve any real estate acquisitions or leasing arrangements.
Kristin S. Appelget
Director, Community and Regional Affairs
Princeton University