Remote Work Could Cost Boston $1 Billion in Taxes Boston is facing a significant challenge as the city anticipates a tax revenue shortfall exceeding $1 billion in the next five years due to the depreciating office real estate market. This forecast stems from a collaborative analysis by Tufts University’s Center for State Policy Analysis and the Boston Policy Institute, drawing on a McKinsey & Co. projection of a potential 30% reduction in office property values by the decade’s end. The city’s heavy reliance on commercial property taxes exacerbates the situation. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts U.S. Economy Defies Expectations with 2.8% Growth in Q2 READ MORE Nvidia’s Market Cap Worth As Much as the Entire Chinese Stock Market READ MORE Yellen Puts China on Notice: U.S. Industries Must Be Protected READ MORE U.S. Firms Embrace Currency Options as Election Hedge READ MORE BREAKING: Silver Trades Above $30/oz First Time In Over a Decade READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment