A report illustrating a downward trend in Boston commercial property values that could mean a city revenue shortfall of $1.2 billion to $1.5 billion over the next five years is referenced in this article.
A recent report released by the nonprofit Boston Policy Institute and cSPA estimates that tax revenue from commercial buildings could fall up to $1.5 billion below prior projections over the next five years
"This is not a short-term challenge but the arrival of a new normal," one in which annual tax collections in 2029 and beyond will be roughly $500 million a year below what they are today.
Evan Horowitz said Healey presents her tax policy to resonate with progressive groups that care about tax cuts for vulnerable people and also to reassure business leaders...
U.S. Rep. Jake Auchincloss, along with Evan Horowitz of the Center for State Policy Analysis at Tufts University, share their ideas on how Massachusetts can fund transportation projects
Boston could be facing a shortfall of more than a billion dollars over the next five years from lagging tax revenues, according to a new report from the Boston Policy Institute.
Market values for office buildings are falling. That could cost the city over $1 billion in tax revenue over the next five years, according to a new analysis by Tufts University’s Center for State Policy Analysis
Over the next five years, that city could face a tax revenue shortfall to the tune of $1.2 to $1.5 billion, according to a new study from the Boston Policy Institute.