Boston City Council voted Wednesday to approve a revamped measure that would enable the city to shift more of the city's property tax burden from homeowners to commercial owners for up to three years. The council's action puts the measure back on the Legislature's plate after an earlier version stalled.
A plan to temporarily shift more of Boston's property tax burden onto commercial owners is headed back to Beacon Hill after the City Council approved a revised version with a lone objection.that would enable the city to move more of the city's property tax burden onto commercial owners for up to three years, which Mayor Michelle Wu and her deputies say would limit an
Wu and other supporters are hoping for quick action from the Legislature. The mayor has said that she needs state approval on the final legislation by November to factor the changes into January 2025 property tax bills. "There's been a lot of work done here to get to where we are. This compromise is one that brings together NAIOP, the Boston Chamber of Commerce, the Mass. Senior Action Council, everybody working on the same team," said Council President Ruthzee Louijeune."We as a city, we are on the same team. It's all about: how do we make sure we get the balance right?"
Several of his colleagues disagreed, noting that the topic has been in the spotlight for more than six months. Flynn also contended that the city, whose fiscal 2025 budget is about 8% larger than the prior year, should have sought to cut spending and freeze hiring to help manage a property tax revenue shortfall.
"For those of you who attended the more than 100 hours of budget hearings we held or the six working sessions or dozen public testimony, none of these revenue conversations are a surprise and none of them are rushed," Worrell said."Matter of fact, this body has filed numerous hearing orders on revenue and declining commercial values.
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