Distressed Sales Show Boston’s Budget Problem Isn’t Going Away
A new report says, based on recent office sales and “weak” property tax collections, Boston’s property tax crunch could be getting worse.
Wu, Kraft Spar Over Office Valuations
Boston Mayor Michelle Wu and challenger Josh Kraft sparred over the latest report predicting a steep decline in office valuations and the implications for the city’s fiscal health.
Boston Faces a Bigger Office – and Budget – Crisis Than You Think
Gone unnoticed amid all the heated debate are signs that the underlying problem – the decline in office building values – may be even more serious than first thought.
The Worst of Boston’s Tax Problems May Be Yet to Come
The good news is that Boston’s 2025 tax revenue crisis may not be as bad as some have feared. The bad news is office values may have further to fall.
The Shadowy Think Tank Fighting Boston City Hall
The Boston Policy Institute says its goal is to shine a light on city development policy and other top issues. But its refusal to make public its sources of funding – and the not altogether happy history one of its founders shares with Mayor Michelle Wu – has prompted whispers of grudge-settling.
Filling the CRE Tax Gap
As thousands of property owners in Boston seek abatements and researchers forecast a steep decline in property tax collections, Mayor Michelle Wu’s options are limited in finding ways to cushion the fiscal blows
Pull Together to Fix Downtown Boston
Is Boston headed for a fiscal cliff or a fiscal hiccup thanks to falling office utilization? Two things are for sure: no one should take fears of a calamity lightly, and everyone should use this threat as an occasion to fix what’s long been broken.
Office Woes Threaten Boston Budget With ‘Economic Act of God’
Warning about the prospect of a “permanently diminished city,” think tank analysts said a sharp and steady drop in the value of office buildings could soon punch a hole in the city’s budget, endangering resources for schools, first responders and more.
