PALO ALTO, Calif.—Stanford University’s tax-exempt properties are a point of ire for the local public schools. The Palo Alto Unified School District gets 90% of its funds from local sources. But some Stanford faculty and staff live in homes owned by the university, on which the nonprofit institution doesn’t pay property taxes. The school district says the addition of new students with little or no new accompanying revenue in Stanford’s pending expansion plans will widen an already significant budget shortfall. School administrators...

Source: Wall Street Journal April 14, 2019 15:00 UTC