Boston Mayor Michelle Wu's plan to temporarily raise commercial property taxes has encountered delays due to new data suggesting the impact of declining office building values on the city's tax system may be less severe than expected. The city, heavily reliant on property tax revenue, faces challenges amid a nationwide drop in office demand. State Senator Nick Collins has again postponed action on the proposal, emphasizing the need for further review of the latest tax assessment data.
Boston Mayor Michelle Wu has reached a compromise with business leaders to prevent a 28% tax increase on homeowners. The agreement aims to stabilize the city's tax system, which has been disrupted by a decline in office demand and its heavy reliance on commercial property revenue.
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.
