'Something is just not right': New Haven mayor on tax-exempt property hitting $8.5 billion in city FacebookTwitterEmail 2of6 The entrance to Yale University's Old Campus across from the New Haven Green photographed on February 9, 2021.Arnold Gold / Hearst Connecticut MediaShow MoreShow Less 3of6 4of6 The entrance to Yale University's Old Campus across from the New Haven Green photographed on February 9, 2021.Arnold Gold / Hearst Connecticut MediaShow MoreShow Less 5of6 Davenport College at Yale University, New Haven, Conn., Wednesday, March 10, 2021.Peter Hvizdak / Hearst Connecticut MediaShow MoreShow Less 6of6 NEW HAVEN — Here’s what Mayor Justin Elicker, city Budget Director Michael Gormany and others trying to balance the city budget are up against: tax-exempt property in New Haven now represents nearly 60 percent of the grand list on which the coming fiscal year’s budget is based, the city’s acting assessor says.