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Boston Wants More Money From Nonprofits

Boston is scheduled to unveil a fairer formula to calculate how much the city's nonprofits pay in lieu of property taxes.

The 128-page report scheduled for release Wednesday ties payments in lieu of taxes to property values and quantifies scholarships, volunteer work, and other value that colleges, hospitals and museums bring to Boston.

Mayor Tom Menino says it's only fair that the institutions help pay for city services, including police and fire coverage, that they take advantage of.

Some nonprofits pay millions of dollars annually, while some pay nothing.

Many are resistant to change.

A spokesman for Boston College, which could see its payments increase six-fold under the new formula, tells The Boston Globe the university is opposed to the plan.

This program aired on December 22, 2010. The audio for this program is not available.

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