Boston’s unique tax structure has the city hurtling towards potential economic disaster.
The decline in commercial real estate could have catastrophic consequences for the city, according to Boston Magazine. Boston could enter an “urban doom loop” as a result of reaping more than 30 percent of its tax revenue from commercial property, which stands well above other major cities across the country, according to a report from the Boston Policy Institute and the Center for State Policy Analysis at Tufts.
