Opinion
Thoughts from the Georgetown community.
Taxing universities won’t solve D.C. budget woes
With the District of Columbia facing a steadily rising $300 million budget shortfall, it is understandable that D.C. officials are looking for novel ways to raise revenue. However, D.C. Councilmember Mary Cheh’s (D-Ward 3) recent proposal to strip Georgetown and other universities in the District of their tax-exempt status is not the answer. Georgetown is, after the federal government, the largest employer of D.C. residents, and taxing the financially constrained institution will only hamper its growth and ability to employ new workers.