Testimonial 18

“Count me in as one alumnus in favor of PILOTs (Payment in Lieu of Taxes). The University does not pay property tax, sales tax, income tax, capital gains tax or use and occupancy tax either. The City is merely asking to be partially reimbursed for services Penn uses and needs: schools, fire, courts, streets, among others. You name it; we use it. 

Let’s pay this bill tomorrow with a smile before we are assessed what we really owe. The climate has changed. Part of Penn’s success is because of Philadelphia, not in spite of it.

The City is facing a plethora of problems and issues, some of which can be solved with dollars. This is our opportunity to once again use our substantial resources to give back to our City, in a small way, and help fuel the next stage in Philadelphia’s development. This will be beneficial to both the City and the University.”

Hanley P. Bodek C' 1977