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Temporary Tax Hike for Boston Commercial Properties Won’t Come to Senate Floor
Boston Mayor Michelle Wu’s property tax proposal will not come to the floor of the Massachusetts Senate for debate, the Boston Business Journal reported. The bill would have temporarily increased property taxes on commercial landlords to limit increases for homeowners while avoiding budget cuts.
Earlier this week, state Sen. Will Brownsburger joined state Sen. Nick Collins in publicly opposing the measure. Both senators represent districts in Boston. They pointed to the latest data from the city showing commercial property value declines and residential value increases that were less dramatic than what Wu and other city officials had put forward earlier this year as possible scenarios.
Collins and Brownsberger called on the Boston City Council to send the State House new legislation that would establish funding for tax relief for Boston seniors and other residents unable to afford the tax increases, reported the Business Journal.
- ◦Financing
- ◦Policy/Gov't
