City officials hope to convince universities to contribute higher voluntary payments in lieu of their taxes — a band-aid for Boston amidst a growing budget crunch.
The state collected almost $3 billion last year under the Fair Share Amendment, but only about 10 percent of it was allocated to higher education in the state budget.
Local universities rely on the agency in order to disburse financial aid disbursement, create new programs, or merge with other institutions. Now, they're scrambling.