(Bloomberg) Tumbling market values for office buildings are poised to cost Boston more than $1 billion in tax revenue over the next five years, as the pitfalls of the pandemic and hybrid work continue to reverberate through city budgets.Most Read from BloombergJapan Loses Its Spot as World's Third-Largest Economy as It Slips Into RecessionIsrael Quits Ceasefire Talks Over ‘Delusional’ Hamas DemandsTrump Eyes NATO Makeover, Hurried Peace in Ukraine If ElectedThe Brutal Reality of Plunging Offi
The City Council plans to debate bringing congestion pricing to Boston, a policy long kicked around at the state level that would charge drivers higher fees with the aim of reducing traffic and funding transit improvements.
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A South Boston lawmaker cautioned the state against using a Fort Point office building for a migrant overflow shelter, saying that squeezing families together in a space without proper bathroom facilities could lead to a “public health crisis.”