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.
Residents blasted the Healey administration for ignoring their input and essentially strong-arming them into accepting a new 80-bed overflow shelter in their ritzy Seaport neighborhood, where migrant families will start living within the next week.
The declining value of Boston’s office buildings could mean the city will face a revenue shortfall of between $1.2 billion and $1.5 billion over the next five years.
Today's the deadline for landlords to seek tax relief from City Hall. Many experts thing there'll be a wave of filings amid a slump in the office market.
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