Word began to circulate around town in February that Mayor Michelle Wu might try to shift more of Boston’s tax burden onto commercial properties, to avoid a big hike on homeowners and renters.
Would this wonky debate over tax reclassification stir up trouble among developers and office landlords? Of course. But what about the broader business community? That remained an open question.
Not anymore. Last week, the Greater Boston Chamber of Commerce sent a sharply worded letter to the City Council slamming Wu’s plan, which has evolved from backroom discussions into a formal legislative proposal. The bottom line from chamber CEO Jim Rooney: Pare back the 8 percent increase in spending Wu has suggested for Boston’s next fiscal year before imposing a rate hike on commercial real estate.
Source: Wu’s tax plan sparking fierce pushback from business leaders
