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.