Boston Wins Top Bond Rating as Questions Surround Downtown Property Values
Both Moody’s Analytics and S&P Global said office tower values could fall further, but many homeowners can afford to pick up the slack in city property tax collections.
Both Moody’s Analytics and S&P Global said office tower values could fall further, but many homeowners can afford to pick up the slack in city property tax collections.
Boston Mayor Michelle Wu suggested Monday that she hasn’t heard much feedback from Beacon Hill about the latest version of her property tax shift plan, just before a City Council committee hearing launched City Hall’s third attempt at getting a home rule petition through the Legislature.
After one of his first public appearances at the State House since formal sessions ended on July 31, House Speaker Ron Mariano defended the Legislature’s right to make laws throughout the two-year session, telling reporters that it doesn’t matter to him whether major bills get done before or after November’s election.
The two sides warring over Boston Mayor Michelle Wu’s property tax shift proposal huddled in Senate President Karen Spilka’s office Thursday afternoon, but emerged with no sign of an agreement.
The political tug-of-war over Boston Mayor Michelle Wu’s proposal to raise commercial property tax rates continued on Beacon Hill and Boston City Hall Wednesday, showing the issue is far from dead.
In a fresh statement this week, Spilka’s spokesperson said, “Mayor Wu and the Senate President spoke last week about the proposal. The Senate President and the Senate are committed to creating good and smart policy, and to that end, remain open to continuing conversations with the City of Boston and other stakeholders.”
Senators be aware: If you get a call from a 617 phone number in the coming days, it could be Boston Mayor Michelle Wu.