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Federal layoffs have surged, with over 63,000 job cuts attributed to the Department of Government Efficiency, significantly impacting the economy, particularly in areas reliant on federal employment. Amidst this turmoil, Trump plans to revoke legal status for 240,000 Ukrainian refugees and has suspended military aid to Ukraine, escalating tensions with its president. Meanwhile, Elon Musk distances himself from the layoffs, claiming agency heads are responsible for the cuts, despite acknowledging mistakes in the process.
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.
Michelle Wu
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01:00 06.03.2025
Boston Mayor's Commercial Property Tax Increase Plan Faces New Delays
22:09 05.12.2024
boston mayor negotiates deal to prevent significant tax increase for homeowners
21:11 23.10.2024
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