Columbia University’s Low Memorial Library in 2022.
Billy Wilson via Flickr
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State lawmakers will propose legislation this week to revoke the lofty property tax exemptions enjoyed by Columbia University and New York University (NYU), with the revenue from the wealthy institutions redirected to the financially embattled City University of New York (CUNY).
The legislation, dubbed “Pay Up,” is set to be introduced on Tuesday by Assemblymember Zohran Mamdani and Senator John Liu, both Democrats from Queens. The bill sets its sights squarely on Columbia and NYU, the
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