Boston Mayor's Commercial Property Tax Increase Plan Faces New Delays

Boston Mayor Michelle Wu's plan to temporarily increase commercial property taxes has faced another setback.

Recent data indicates that the decrease in office building values will not have a significant impact on the city's tax system as previously anticipated.

This is crucial for Boston, as it heavily relies on property tax revenue amidst a nationwide decline in office demand.

To address the budget shortfall without burdening homeowners, Wu proposed an alternative solution.

However, State Senator Nick Collins, a Democrat from South Boston, has used a procedural tactic to delay action on the proposal, stating the need for further examination of the latest tax assessment data.

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