Wednesday, September 3, 2008
A (tax-exempt) house with a view
So in addition to a $375,000 annual salary and company car Dr. Holub, the new Umass Chancellor, gets to live in this fine house with what he described as having a great view. Indeed.
Chancellor Holub also told the 400 folks attending the Community Breakfast that his wife could not attend because she was busy enrolling their two young daughters into the fine Amherst school system.
This year Amherst taxpayers will expend $14,410 per child to finance the public schools. Dr. Holub’s two children will be joining the estimated (by our Finance Committee) 50-60 other children coming from Umass tax-exempt housing (probably not nearly as nice as the Chancellor’s House), or an impact of almost $1 million dollars.
Amherst taxpayers also fund ($4.8 million) the busiest Fire/EMT department in the state with the Fire Chief estimating Umass accounts for about one-quarter of the their calls, or an impact just over $1 million dollars.
Hey, a million here and a million there—pretty soon you’re talking real money.
Even though Westover Air Force Reserve Base in Chicopee is one of the largest employers in that region (with all those economic spin off benefits) they recently agreed to a $1 million payment-in-lieu-of-taxes to the host city.