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Municipality, university extend financial contribution agreement for two years Municipality, university extend financial contribution agreement for two years The Princeton Council and Princeton University have reached an agreement to continue the university’s voluntary financial contribution to the town for the next two years. The council approved a resolution to extend the initial agreement, which was reached in 2014 and expires this year. The new agreement will cover 2021 and 2022, at which point the two parties may negotiate another agreement. Under state law, Princeton University is a tax-exempt entity, which means it does not have to pay property taxes on some of its properties because it is an educational institution. The university does pay property taxes on other parcels.

Michelle pirone lambrosMarc dashieldLiz lempertChristopher eisgruberPirone lambrosCommunity park schoolPrinceton councilPrinceton fire departmentDepartment of public worksPrinceton universityPrinceton department of public worksPrinceton councilwoman everPrinceton councilwoman michelle pirone lambrosAdministrator marcPublic worksPrinceton department