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 China’s young investors are stockpiling gold beans READ MORE Zimbabwe Announces Plans to Introduce Gold Backed Currency READ MORE What's Next for Gold After 2023's Record Total Demand? READ MORE The Office Meltdown Will Result in $1 Trillion of Losses, Says Real Estate Billionaire READ MORE US Job Cuts Rise Sharply in January READ MORE Add a Comment Cancel replyYour email address will not be published.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
