Mayor Wu plans to file legislation that would allow Boston to increase property taxes on businesses. The move comes as commercial property values have dipped due to inflation and the post-pandemic shift to remote and hybrid work. A recent report found the city may lose $1.4 billion in tax revenue over the next five years due to empty office spaces.
Mayor Michelle Wu rolled out an “emergency law” to allow Boston to begin increasing property taxes on businesses beyond the state limit next year, saying that residents could otherwise face higher taxes driven by a decline in commercial values.
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Massachusetts State Attorney General Andrea Campbell filed the suit Tuesday against Milton, where voters earlier this month rejected a zoning plan that would have allowed the .
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