The Senate has passed a federal tax increase on private universities and colleges such as Williams.

I have always argued that local governance should get more revenue from Williams either through a PILOT and/or a tax on real estate holdings. Dormitories and common eating/ food sales spaces compete with the local economy (rentals and restaurants). They should be subject to local property taxation.

Williams and Williamstown are inseparable, and as such, Williams relies heavily on things such as local schools, waste management, police, and fire. Williams relies on the adaptability of the local planning board to make space for growth, and the relative lopsidedness of zoning permits. Who can build and where is a college function in the cultural district.

As we like to say, “Rock, paper, college.” Not that there is anything wrong with that!

That said, the federal taxation of a place like Williams when compared to the benefit of federal tax reform on the townie (working class) populations in a place like Williamstown is inequitable. When one compares the relative economic cost (the opportunity cost) of what this federal income tax will take from Williams/ Williamstown when compared to the local benefit with regards to the local burden on working people- this is a bad deal for Williamstown Townies! Local real estate taxation has skyrocketed in the last eight years. This is not going to help Williamstown’s affordability crisis…

Looks like we are in this one together.

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