Remote Work Could Cost Boston $1 Billion in Taxes Boston is facing a significant challenge as the city anticipates a tax revenue shortfall exceeding $1 billion in the next five years due to the depreciating office real estate market. This forecast stems from a collaborative analysis by Tufts University’s Center for State Policy Analysis and the Boston Policy Institute, drawing on a McKinsey & Co. projection of a potential 30% reduction in office property values by the decade’s end. The city’s heavy reliance on commercial property taxes exacerbates the situation. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Federal Reserve Balances Rate Decisions Now That Inflation Has Slowed READ MORE Why You Should Pay Off Your Credit Card ASAP READ MORE Ron Paul Urges End to Fed, Don't Tax the Rich READ MORE Samsung: 2024 Key Commodity Market Outlook READ MORE Crude Market Heats Up: WTI Climbs 3.3% as Supply-Demand Gap Narrows READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment
