Latest Breaking News On - State policy analysis - Page 10 : comparemela.com

Empty office buildings have Boston staring down $1 billion budget shortfall

The city’s eroding commercial tax base, driven by hybrid work practices that have left office buildings largely vacant, could leave Boston with a $1 billion-plus budget shortfall in 5 years, a scenario that may lead to higher taxes for residents.

United statesTufts universityBoston city councilAnalysis at tufts universityBoston policy instituteState policy analysisFiscal falloutEmpty officesBoston city hallBoston policy instituteProperty taxesOmmercial tax baseEmpty office buildingsRemote workTufts universityDowntown boston

Report: Boston faces more than $1 billion tax shortfall due to empty offices

Boston will likely lose $1.4 billion in tax revenue over the next five years, according to a report by the Boston Policy Institute. The city also could face an ongoing shortfall of about $500 million a year after that.

Tufts universityUnited statesEvan horowitzTuft centerAnalysis at tufts universityCourtesy of the boston policy instituteBoston policy instituteBoston policyState policy analysisState policy

Boston Faces $1 Billion Tax Deficit From Faltering Office Market

(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

Tufts universityUnited statesNew yorkMaura healeyBloomberg businessweekMichelle wuBoston policy instituteTufts university centerGroup incMckinsey coState policy analysisBoston policyTax revenueOffice buildingsCity budgetsBoston mayor

Report warns of economic act of god threatening Boston s budget – NECN

The persistent popularity of remote work and high interest rates have combined to form an “economic act of God” that puts Boston at risk of losing a chunk.

United statesNew yorkTufts universityMichelle wuEvan horowitzMaura healeyBoston policy instituteAnalysis at tufts universityState policy analysisNew englandNew york city

New report warns of economic act of God threatening Boston – Boston 25 News

New report warns of economic act of God threatening Boston – Boston 25 News
boston25news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from boston25news.com Daily Mail and Mail on Sunday newspapers.

Tufts universityUnited statesNew yorkEvan horowitzMaura healeyMichelle wuBoston policy instituteAnalysis at tufts universityState policy analysisNew york city