City, Boston business groups reach deal on property tax fix, Wu says

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Boston Nouvelles

Michelle Wu,Taxes

With her existing proposal hung up on Beacon Hill, Boston Mayor Michelle Wu said Wednesday that she's sending a new proposal to the State House that she…

The mayor's office said her new plan comes after four Boston-based business groups"have reached consensus on a path forward for the City’s residential tax relief proposal"With her existing proposal hung up on Beacon Hill, Boston Mayor Michelle Wu said Wednesday that she's sending a new proposal to the State House that she believes will"stabilize property taxes and protect homeowners and renters from a dramatic spike.

to lessen projected tax increases on residents. That plan hasn't moved in the Senate as the business community has mounted an all-out offensive to prevent its passage, including calls for the city and state to take an alternate approach. Mayor Michelle Wu wants to keep from having to tax Boston's residents more to pay for a shortfall in the city's budget caused by more people working from home, all by temporarily bumping commercial tax rates — but she'll need the Massachusetts Legislature's OK,

 

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City, Boston business groups reach deal on property tax fix, Wu saysWith her existing proposal hung up on Beacon Hill, Boston Mayor Michelle Wu said Wednesday that she's sending a new proposal to the State House that she…
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