2-25-2013

Page 1

The Daily Free Press

Year xliii. Volume lxxxiv. Issue XXI

STILL STRONG

[

Longtime activist takes director position at Boston Living Center, page 3.

Monday, February 25, 2013 The Independent Student Newspaper at Boston University

HAVE YOU?

The band you didn’t know you were in love with, page 5.

]

www.dailyfreepress.com

SWEPT

WEATHER

UMass-Lowell earns season sweep over Terriers, page 8.

Today: Partly cloudy/High 40 Tonight: Clear/Low 28 Tomorrow: 43/36 Data Courtesy of weather.com

Sen. Brownsberger proposes taxation power for MBTA Moody’s upgrades BU credit, allows easier borrowing By Bram Peterson Daily Free Press Contributor

In an attempt to alleviate the highest debt burden of any U.S. transit agency, Massachusetts politicians proposed a regional tax imposed by the Massachusetts Bay Transit Authority in the operating areas of the transit service. “The state needs to solve the problem that the [MBTA] has,” said Mass. Sen. William Brownsberger, author of the proposal. “But in the fall of 2014, give voters the opportunity to consider whether they wish to provide the [MBTA] additional money, and that would be the basis of T funding in the future.” The MBTA has an overall debt of $5.2 billion, which increases to $8.3 billion after interest payments, making it the highest debt burden in the U.S. Brownsberger proposed that to alleviate the MBTA’s debt, one solution could be to transfer some of the debt back to the state, while also allowing the MBTA to impose a tax in its service area that would have to be approved by voters in the region, according to the proposal on his blog, which he wrote Feb. 18. “If you look around the country, there’s a lot of regional entities that fund transit, and it seems to be a successful way to approach it,” he said. Kelly Smith, deputy spokeswoman for the MBTA, said in an email that the MBTA is open to new options as they look to solve

By Emily Overholt Daily Free Press Staff

Long said. Lasarte, a 65-year-old Spanish professor in the Department of Romance Studies, has not been teaching and has been placed on a “no-pay” status since Feb. 13, said BU spokesman Colin Riley. “Prof. Lasarte is not teaching, pending our review of the matter,” Riley said in an email. Arlington Police officers received a distress call Feb. 10 by a woman accusing Lasarte of starting a confrontation with her, scraping her with his keys and “thumping” her ribs with brass knuckles. Police on the scene said there were visible scratch marks on the woman’s upper arm that appeared to be caused by keys. Police on the scene also reportedly said Lasarte originally denied all allegations of domestic abuse, and was belligerent and did not cooperate with them.

Moody’s Investor Service upgraded Boston University’s credit rating from A1 to A2 Wednesday, citing BU’s growing reputation as a prominent research university, according to a Moody’s release. Moody’s also upgraded BU’s outlook to stable from positive. The upgrade impacts $1.1 billion in debt held by BU, according to the release. An improved credit rating assures investors that they can more safely lend to BU without worrying about default, said Laurence Kotlikoff, a professor of economics and a member of the budget committee. “BU borrows a lot of money to put up buildings, for example the student high-rises, the university borrowed money to erect them and then … uses the room and board fees it collects to help repay the borrowing,” Kotlikoff said. He said the improved rating allows BU to borrow at a lower rate of interest. “When the credit rating is upgraded like this it means that BU can borrow at a lower rate, and that makes it easier for the university to do other things,” he said. “It has more money for educational endeavors, initiatives — so this is good news.” BU spokesman Colin Riley said the upgrade speaks for itself. “It’s an improved outlook, obviously it talks about the university’s strengths and challenges but the strengths certainly suggest that the university is doing well and having success. It is extremely well managed, prudently managed, and I credit the senior administration, the president … in that area,” Riley said. Moody’s cited improved leadership over the last seven years, substantial real estate holdings, and a large and diverse revenue base as BU’s strengths, which were taken into account before the upgrade. “Around 35 to 45 percent of the revenues of the university are coming from business activities that the university has developed over the years,” Kotlikoff said. “The bookstore, the university has real estate, they have some different enterprises, so over the years [former Executive Vice President] Joe Mercurio who is no longer

Professor, see page 2

Moody’s, see page 2

MADELEINE ATKINSON/DAILY FREE PRESS STAFF

Mass. Sen. William Brownsberger, proposed a bill Monday which would allow the MBTA to levy taxes and pass off part of its $5.2 billion debt to the Commonwealth.

their financial problems for the long term. “We always welcome ideas and input from elected officials as well as the public,” Smith said. “We look forward to continuing this robust discussion on the future of the MBTA and how we can all work together to move Massachusetts forward.” Brownsberger said the proposal is still in the early stages and the post he made on his blog was to receive feedback from the community before it is formally brought

before the session. “I’ll take a good look at [the feedback] and share it with my colleagues, and people can see some of the pros and cons, some of the concerns that came out of this dialogue, and see where it goes,” Brownsberger said. A number of residents said they are wary about giving taxing authority to the MBTA. “I’m open to all kinds of proposals, but

MBTA, see page 2

BU professor placed on probation after assault charges By Brian Latimer Daily Free Press Staff

Cambridge District Court officials closed proceedings against Boston University professor Pedro Lasarte when he took a plea in his alleged domestic assault case Thursday, officials said. Lasarte will now be placed on an 18-month probationary term. “He took a plea and the file is no longer actively open,” said Cambridge District Court spokeswoman MaryBeth Long. “He agreed to a continuance without a finding for 18 months.” A continuance without a finding is a form of probation in which the defendant pleas guilty or there is an admission of sufficient evidence, according to the Massachusetts Trial Court Law Libraries website. At the end of a probationary term, if the defendant abides by the court-set conditions, the case is dismissed. Taking the plea is not

akin to pleading guilty. Arlington Police Department officers arrested Lasarte Feb. 10 at his home on Moulton Road on charges of assault and battery with a dangerous weapon and possession of a dangerous weapon, as previously reported by The Daily Free Press. He was arraigned in Cambridge District Court Feb. 11, Long said. Per the requirements of a continuance without a finding, Lasarte admitted to violating a restraining order in September 2012 and to violating an abuse prevention order in October 2012 by calling a woman numerous times. He also admitted to sufficient evidence regarding the alleged assault on Feb. 10. “The conditions of [Lasarte’s] continuance include no alcohol, random drug screens, surrendering his passport and drug and alcohol evaluations, and the defendant must attend [Alcoholics Anonymous],”

BU’s fundraising increases at higher rate than national collegiate trend By Sarah Platt Daily Free Press Contributor

As fundraising increases at colleges across the country, including Boston University, BU’s efforts to receive donations will allow it to continue growth and meet the demands of students, officials said. Monetary gifts to schools across the country totaled $31 billion in the 2012 fiscal year, a 2.3-percent increase from the 2011 fiscal year, according to a Wednesday Council for Aid to Education report. BU’s fundraising increased at a greater rate with $86,181,326 raised in the 2012 fiscal year, marking a 12-percent increase from 2011. “We’re playing catch up in this category [fundraising],” said Vice President of Development and Alumni Relations Scott Nichols. “But we are catching up quite fast.” Nichols said historically, fundraising has not been a focus at BU, something he and President Robert Brown are attempting to change.

“It’s strange that the university has never had a formal campaign in its history,” Nichols said. “[Fundraising] had not been a priority at the university before.” During the fall 2012 semester, BU announced its first comprehensive fundraising campaign, called The Campaign for BU, with a $1 billion goal, Nichols said. The campaign has both helped upgrade BU’s credit standing with Moody’s Investors Services and improved relations with alumni. “We try to get our alumni and friends engaged, involved, educated about the institution and the importance of philanthropic support,” Nichols said. The campaign has raised over $460 million as of Feb. 2013 and is doing well due to university-wide improvement, Nichols said. “We’re seeing a lot of fundraising success because other parts of the university are strong right now. So we’re seen as a

Donations, see page 2

GRAPHIC BY MICHELLE JAY/DAILY FREE PRESS STAFF

The Chronicle of Higher Education released data on the amount of donations to colleges. Total donations equaled $31 billion in the 2012 fiscal year.


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