This article is from Huff Post College
When Providence Mayor Angel Taveras recently warned that Rhode Island's capital could run out of cash by June and face bankruptcy, he singled out the city's largest employer and one of its most prestigious institutions – Brown University – for what he called a failure to sacrifice.
The Ivy League school, which as a nonprofit enjoys tax-exempt status, makes voluntary payments of a few million dollars a year to the city under an earlier agreement. But Taveras maintains the university should give more at a time when city taxes have gone up, services have been cut, schools have been closed – and he trimmed his own salary by 10 percent.
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