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 S&P Global Survey Shows US Business Activity Picks Up in January as Inflation Cools READ MORE Deciphering the U.S. Economy's Post-Pandemic Strength READ MORE Russian grain chief says BRICS exchange idea gaining traction READ MORE How To Buy Gold Coins, Bars, Bullion & More [What You Need to Know] READ MORE Silver price pulls back as early Fed rate-cut hopes fade READ MORE Add a Comment Cancel replyYour email address will not be published.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
