Planet Princeton
Shop Nest Bedding® Now!

Princeton University Increases Voluntary Payment to the Two Princetons

Princeton University is increasing its voluntary payment to Princeton Township for next year by $25,000, and has also offered to pay $250,00o of the transition costs for the consolidation of the two Princetons, officials said.

Princeton Township  Mayor Chad Goerner announced at the township committee meeting tonight that the township will received a five-percent ($25,000) voluntary payment increase from the university for 2012,  plus the transition costs contribution, for a total of $775,000 from the university for 2012. The university is also increasing its contribution to Princeton Borough. That increase is expected to be announced at the Princeton Borough Council meeting Tuesday night, sources told Planet Princeton.

“Our increase, coupled with increase the Borough will receive, will go a long way to helping our taxpayers experience tax savings sooner,” Goerner said at the Township Committee’s last public meeting of the year tonight. “We had a very professional dialogue during this whole process, which shows that having a professional relationship actually does achieve results.

“The consolidation vote shows that we value unity as a community,” Goerner said. “We also value unity with Princeton University. This goes a lot way in achieving that.”

The university’s $500,000 contribution to Princeton Township for 2011 was its first contribution of this kind to the township. The school, also the largest taxpayer in the township, paid taxes to the township , the public schools and Mercer County totaling $4.1 million for non-exempt and potentially exempt properties. University officials say the school voluntarily pays property taxes totaling $2.4 million on some of its properties like graduate student housing that would qualify as tax exempt under state law.

Krystal Knapp

Krystal Knapp is the founding editor of Planet Princeton. She can be reached via email at editor AT planetprinceton.com. Send all letters to the editor and press releases to that email address.

Events Calendar

« December 2017 » loading...
M T W T F S S
27
28
29
30
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
Fri 15
Fri 15

Set in Stone: Lithography in France, 1815-1900

December 15 @ 10:00 am - 4:30 pm
Fri 15

Princeton Plasma Physics Laboratory Public Tour

December 15 @ 10:00 am - 11:00 am
Fri 15

Heart Health and Stroke Symptoms

December 15 @ 1:00 pm - 2:00 pm
Fri 15

Michael Smith – Folk Music Concert

December 15 @ 8:15 pm - 10:30 pm
Sat 16

Jammin’ with Santa

December 16 @ 8:30 am - 11:30 am
Sat 16

Santa Comes to Kale’s Garden Center

December 16 @ 10:00 am - 4:00 pm

Instagram

  • Small World Coffee accepting donations for hurricane victims until Sat. noon.

Follow Us

       

Events Calendar

« December 2017 » loading...
M T W T F S S
27
28
29
30
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
%d bloggers like this: