How likely is a potential downturn in Boston property values to mirror a crisis that prompted legislative action in 2004? Did Mayor Michelle Wu send the wrong message by proposing to rebalance commercial and residential taxes while also advocating for an 8% increase in city spending? Will workers eventually return to the office more regularly, or will the changes brought on by the pandemic be permanent?
Those are just a few of the questions Boston city councilors will weigh as they continue their review of a plan Wu rolled out last month that would temporarily shift a greater share of the city’s property tax levy onto commercial owners.
