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Princeton University is facing demands for increased payments to Princeton, N.J., Bloomberg reported. Princeton provided $10 million last year, more than many other private colleges provide their localities, but local residents -- aware of the university's wealth in comparison to most of American higher education -- want more. Peter Kann, co-chair of Princeton Future, a civic organization, said: "The town budget is strapped and schools are looking at laying off teachers.... Then there is this enormously rich university. They give the appearance of being wonderful donors to the town, but compared with what they would be giving if they were paying property taxes it’s really trifling.”
