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
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
Former President Donald Trump, an avowed proponent of tax cuts, is floating the idea of reversing a measure passed during his tenure in the White House that effectively raised taxes for many U.S. homeowners. In a post Tuesday on Truth Social, Trump suggested he would scrap a $10,000 cap on deducting state and local taxes (SALT) that … Read more
A Boston city councilor is pressing the mayor to provide details on what steps the city will take to blunt the impact of a projected double-digit residential tax increase next year, amid revelations that her bid to raise commercial tax rates is all but dead on Beacon Hill. Originally Published: August 8, 2024 at 7:40 … Read more
Boston Mayor Michelle Wu took a shot at the Massachusetts Senate for failing to move on her bid to raise commercial tax rates, prompting a sharp retort from the Senate president who indicated in her remarks that the bill is all but dead. Originally Published: August 6, 2024 at 7:02 p.m. Read original article here … Read more
Boston Mayor Michelle Wu directed neighborhood liaisons to reach out to residents as part of a last-ditch effort to stack a Thursday City Council hearing with positive testimony for her controversial proposal to increase commercial tax rates. Subscribe to continue reading this article. Already subscribed? To login in, click here. Read original article here Denial … Read more
A global tax expert concluded that the mayor’s plan to tax Boston businesses beyond the state limit would not protect residential property owners as intended, and would hurt the economic health of the entire city and state. Subscribe to continue reading this article. Already subscribed? To login in, click here. Read original article here Denial … Read more
A fiscal watchdog is cautioning Mayor Michelle Wu against moving forward with her plan to raise property taxes on Boston businesses beyond the state limit, saying that there are better alternatives that won’t hurt the city’s economy. Subscribe to continue reading this article. Read original article here Denial of responsibility! Pioneer Newz is an automatic … Read more
Boston Mayor Michelle Wu proposed a $4.6 billion budget to the City Council with a reminder of her intertwined proposal that would seek to absorb the “shock” of higher residential property taxes by taxing businesses beyond the state limit. Wu rolled out her recommended city budget for fiscal year 2025, per a correspondence filed with … Read more
New York City officials are forecasting overdue property taxes will surge to a record $880 million in the current fiscal year — and they say it’s because they’ve lost the power to enforce punishments for delinquencies. The staggering figure — forecasted for the fiscal year ending in June — marks a jump of more than … Read more
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