Experts say falling commercial values could ‘wreck’ Boston finances for years, disputing mayor’s economic outlook

Experts say falling commercial values could ‘wreck’ Boston finances for years, disputing mayor’s economic outlook

Policy experts battled with Wu administration officials over their assertions that the latest city data indicates commercial values are falling at a faster clip than initially predicted and could wreck Boston’s finances for years to come. The testimony was provided Thursday at a City Council hearing by the two experts behind a report that projected … Read more

Massachusetts may see 30 to 40 inches of snow

Massachusetts may see 30 to 40 inches of snow

Following a record mild winter last year, Massachusetts may be in for another relatively mild but more snowy winter, as a likely La Nina system takes shape in the coming months, according to early forecasts. “The October ENSO outlook calls for 60% chance of La Nina emerging in the September, October, November timeframe, and by … Read more

Michelle Wu, Senate tax hike negotiations at impasse over budget cuts

Michelle Wu, Senate tax hike negotiations at impasse over budget cuts

Boston Mayor Michelle Wu’s unwillingness to compromise on cuts to the city’s $4.6 billion budget has been a sticking point in private talks she’s had with the Senate about her stalled plan to hike commercial tax rates, the Herald has learned. The Massachusetts Senate is interested in a compromise and the compromise highlighted has involved … Read more

Boston’s new pro women’s soccer team gets a name, but opponents say it doesn’t improve ‘flawed’ White Stadium plan

Boston’s new pro women’s soccer team gets a name, but opponents say it doesn’t improve ‘flawed’ White Stadium plan

A new women’s professional soccer team expected to take the pitch for the first time in 2026 at Boston’s White Stadium was given a name on Tuesday, leading to grumbling from opponents of the city’s public-private plan to renovate the facility. The team name, BOS Nation Football Club, was announced by Boston Unity Soccer Partners … Read more

Boston Mayor Wu lobbies neighborhood leaders for support on plan to hike commercial tax rates. Not all agreed to give it.

Michelle Wu, Senate tax hike negotiations at impasse over budget cuts

Boston Mayor Michelle Wu pitched her plan to raise commercial tax rates to neighborhood leaders to mixed reactions at an invite-only meeting intended to convince them of the need for a bill she says would beat back a hefty tax hike for homeowners.  Originally Published: October 11, 2024 at 5:59 p.m. Read original article here … Read more

Discount shopping giant Temu enters Vietnam and Brunei as app faces ban in Indonesia

Discount shopping giant Temu enters Vietnam and Brunei as app faces ban in Indonesia

Temu’s website in Vietnam, however, showed that the company’s foray into one of the fastest-growing economies in the region was apparently rushed. It currently supports only English as well as transactions made via credit card and Google Pay, while excluding leading Vietnamese mobile payment service Momo. In affluent Brunei, Temu is available in both English … Read more

Clock ticking on Boston mayor’s tax plan: Hikes as city budget grows

Clock ticking on Boston mayor’s tax plan: Hikes as city budget grows

Mayor Michelle Wu emphasized urgency for the Senate to act by late November on a stalled bill that would allow Boston to hike commercial tax rates to help homeowners avoid what she now says would be a 28% tax increase next year. The projected property tax increase for the average single-family homeowner is below the … Read more

Boston convenes working group to plan for future healthcare access after Carney Hospital closure

Boston convenes working group to plan for future healthcare access after Carney Hospital closure

The Wu administration announced the 32 members who will sit on a working group dedicated to studying the impacts of Steward Health Care’s decision to close Carney Hospital and planning for future healthcare access at the Dorchester site. Subscribe to continue reading this article. Already subscribed? To login in, click here. Read original article here … Read more

Boston mayor’s tax plan would give elite homeowners like John Kerry an envious break

Boston mayor’s tax plan would give elite homeowners like John Kerry an envious break

Failed presidential candidate John Kerry’s multi-million-dollar home will have an estimated tax break of $22,721 next year should Mayor Michelle Wu’s plan to shift more of Boston’s tax burden onto commercial properties pass the state Legislature.  Originally Published: October 5, 2024 at 6:34 a.m. Read original article here Denial of responsibility! Pioneer Newz is an … Read more

MassGOP rips welfare agency, taste of Nepal and a looming tax gambit

MassGOP rips welfare agency, taste of Nepal and a looming tax gambit

The MassGOP is ripping welfare fraud after investigators uncovered $2.3 million in abuse “in the past quarter alone.” No word if that includes all the EBT dollars spent in Hawaii, as the Herald reported earlier this month. “The Democratic supermajority has repeatedly proven they are incapable of managing taxpayer dollars. When they overspend and mismanage … Read more