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Gift In Lieu Of Taxes

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Monday, February 4, 2013

Stonehill Increases Monetary Gift to Town of Easton

A "gift in lieu of taxes" was increased from $20,000 to $30,000 this year, with a promise of future increases

The town-gown relationship between the Town of Easton and Stonehill College, which has been rocky over the last few years, is improving. Last month, Stonehill College presented a $30,000 gift to the town. The amount is an increase over previous years' gifts by $10,000. The college also said it would increase the gift amount in coming years ($35,000 next year and $40,000 the following year). Stonehill is allowing the town to use the money any way it chooses. "We’re very grateful of them for doing that," Town Administrator David Colton told selectmen last week. "This year is the first time they did not ask us to allocate it in any particular way." Colton said he plans to use the first $20,000 received in the same way it has always been used…

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