This article references collaborative research from cSPA that showed a downward trend in Boston commercial property values could mean a city revenue shortfall of $1.2 billion to $1.5 billion over the next five years.

Evan Horowitz comments on the impact of the Massachusetts tax cuts enacted last fall, noting that he doesn’t think the package is “strongly tied to what we’re seeing right now.”

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.

"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.

One of the biggest unanswered questions amid Boston’s ongoing recovery from the COVID-19 pandemic is how much slumping commercial real estate values could wallop city finances. A new report out Thursday aims to answer just that.

Those concerns burst into public view earlier this year, when a report produced by cSPA...found that only a fifth of CPA projects have been dedicated to housing that’s affordable for, and restricted to, low-income people.

Horowitz said the proposal will likely have the unintended consequence of making homes more expensive and putting homeownership out of reach for more buyers.

The Massachusetts economy is losing out on $2.3 billion in earnings and productivity every year because of the disconnect between employer need and foreign-educated worker skills, the Business Roundtable and the Tufts policy center determined.

“If you’re going to make the claim that our right-to-shelter law is increasing immigration into our state, you would have to say relative to other states nearby,” Horowitz said. “But lots of other states are seeing their shelter systems overwhelmed.”

cSPA Executive Director Evan Horowitz appears on WBUR's Radio Boston