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Wu, business leaders reach compromise on possible property-tax increase
By adamg on Sun, 10/20/2024 - 2:49pm
Scott Van Vorhis reports a possible deal between Mayor Wu and the heads of area businesses and local commercial property owners on a plan that would let Boston temporarily increase taxes on commercial property to minimize the amount city homeowners would see their bills go up because of the Covid-related decline in property values downtown - just by a smaller amount than Wu had originally proposed. The move still needs the approval of the legislature and governor.
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Mayor Wu
An 8% increase in the city budget. Where are the cuts?