Boston Mayor Michelle Wu has reached an agreement with business leaders to prevent a significant increase in taxes for homeowners.

The deal, announced on Wednesday, aims to stabilize the city's tax system, which has been affected by a decline in demand for office space and an over-reliance on revenue from commercial properties.

This agreement is part of a broader proposal to protect homeowners from the financial burden of rising property taxes. It reflects the city's efforts to address economic challenges and create a more balanced tax structure going forward.