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The report estimated that Boston could face a cumulative commercial property tax shortfall of $1.2 billion to $1.5 billion.

Tufts universityUnited statesNew yorkEvan horowitzMaura healeyMichelle wuAnalysis at tufts universityBoston policy instituteState policy analysisNew york cityEnter for state policy analysis at tufts universityCity budgetConomic act of godOffice valuesProperty tax revenue