People say that in Berkeley but usually the specifics of the deal they are taking about are incorrect, so I generally ignore such people. For example the properties owned by the U.C. wealth fund are taxed like any other.
It does kind of suck for Albany though that something like 10% of its population lives in the untaxable University Village.
It does kind of suck for Albany though that something like 10% of its population lives in the untaxable University Village.