The Boston City Council approved Mayor Michelle Wu’s controversial property tax proposal by a vote of 8-4 on Wednesday, despite objections from the business community. The home rule petition allows the city to increase commercial tax rates for four years to mitigate higher residential taxes. Additionally, the City Council approved more than $15 million in line item changes to the mayor’s $4.6 billion budget plan for the next fiscal year, prioritizing housing and youth jobs.
Broad Street Brief: City Council Approves FY25 City Budget https://t.co/3qQ3XinHZ2 | by @cozen_oconnor
Sound familiar, Chicago? When Beacon Hill considered a higher tax on high-dollar home sales, guess what happened? https://t.co/2Wr7E3uX3L
Massachusetts House approves sweeping housing bill https://t.co/dXBAwZ5ddh
Boston City Council sides with Mayor Wu, approves property tax proposal https://t.co/YvEHQFNvL6
Housing, youth jobs take priority in Boston City Council’s changes to Mayor Wu’s budget https://t.co/6YVaHduheP
City Council approves $15 million of line item changes to Wu’s $4.6 billion budget plan for next year https://t.co/1AMZ53HwFf
The Boston City Council approved more than $15 million in amendments to the mayor’s budget while pushing back on the “narrative” that millions of dollars in reductions it made to police and other departments were “cuts” to city services. https://t.co/YDf764vXPV
Over objections from the business community, the Boston City Council passed a home rule petition proposed by the mayor that would allow the city to increase commercial tax rates for four years to “soften” the blow of higher residential taxes. https://t.co/Tw0mfdamcF
The Boston City Council approved by a vote of 8-4 Mayor Michelle Wu’s controversial property tax proposal on Wednesday, granting Wu a win more than two months after she first announced the policy push. https://t.co/o5qwFME8fu