City Of Medford Accepts $450,000 From Tufts University

From City of Medford:

Posted on September 4, 2019

Mayor Stephanie M. Burke announced that the City has received a $450,000 Payment In Lieu of Taxes (PILOT) from Tufts University for fiscal year 2019. The City’s previous Partnership Agreement with Tufts expired in June of 2018.

The City has accepted the PILOT payment in good faith but continues to negotiate the community benefits component of the agreement. While in negotiations, the obligations of the prior agreement will be maintained.

The payment is a 64% increase from the previous PILOT payment received by the City. The amount is equivalent to the funds paid to Boston and Somerville.

This press release was produced by City of Medford. The views expressed here are the author’s own.