Majority Of Worcester Voters Back Non-Binding Question For Private Colleges To Invest Endowments Into City

WORCESTER, MA — On Tuesday, Worcester voters went to the polls to vote for candidates and one non-binding question.

A majority of voters favored the non-binding question. This proposal would require private colleges and universities to invest a small percentage of their endowments back into the city to help finance housing, economic and community development projects.

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The question received 16,269 votes in favor, which is nearly 75 percent, according to unofficial results. Alternatively, 5,484 people voted no on the non-binding question.

It read, "Do you support requiring our private colleges and universities to invest 0.5 percent of their endowment annually into a community impact fund to be administered locally to help finance needed housing, economic and community development projects?"

The proposal would affect multiple private schools, including Assumption University, Worcester Polytechnic Institute and College of the Holy Cross.

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