Princeton As "Hedge Fund" Foils Residents Seeking Relative Share of Taxes
Pedestrians walk past a statue of former Princeton University president John Witherspoon near the Firestone Library on the school's campus in Princeton, New Jersey, U.S., on Monday, June 21, 2010. Princeton University, the fourth-richest institution of higher education in the U.S., paid more than $10 million last year to its prosperous New Jersey community. Municipal officials and residents say the college, whose land holdings are mostly tax-exempt, should do more as they look to close budget shortfalls. Photographer: Emile Wamsteker/Bloomberg via Getty Images
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102514123
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June 21, 2010
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PRINCETON COMMUNITY BUDGET