
Boston Faces Financial Challenges Amid Nonprofit Tax Exemption Issues
News Summary Boston is facing significant budgetary pressures as over 52% of its land is exempt from property taxes, mainly due to nonprofit institutions like
Stay updated on the latest developments in the Boston, MA economy with our comprehensive news category page. Here, you will find timely articles, in-depth analyses, and expert insights into the economic landscape of Boston and its surrounding areas. Key topics include job growth, local businesses, real estate trends, labor market conditions, and the impacts of state and federal policies on the city’s financial health. Stay informed about how factors like the tech industry, higher education institutions, and the biomedical sector are contributing to Boston’s economic resilience and growth.
Our Boston, MA economy news category is designed for those who want to understand the intricate dynamics affecting the local economy. Discover reports on various economic indicators, such as unemployment rates, inflation, and consumer spending patterns. We also cover essential events and conferences that shape the business climate, along with perspectives from economists and thought leaders. Whether you’re a resident, a business owner, or an investor, this page serves as your go-to resource for understanding how economic changes impact the vibrancy and prosperity of Boston, MA.
News Summary Boston is facing significant budgetary pressures as over 52% of its land is exempt from property taxes, mainly due to nonprofit institutions like
News Summary Boston is witnessing a significant decrease in housing construction, with a 36% drop in units being planned compared to last year. The number
News Summary A super PAC backing Josh Kraft’s campaign has increased its financial commitment to $2.4 million for attack ads against incumbent Mayor Michelle Wu.
News Summary Mayor Michelle Wu has introduced an enhanced summer safety plan that aims to reduce violence and strengthen community ties in Boston. The initiative
News Summary A super PAC named ‘Your City, Your Future’ is pouring over $1.4 million into supporting Josh Kraft’s bid to unseat current Mayor Michelle
News Summary Retired municipal employees in Boston are advocating for an increase in annual cost of living adjustments (COLA) for their pensions. The Boston Retirement
News Summary The U.S. federal government has proposed selling the Captain John Foster Williams Coast Guard Building in Boston as part of a strategy to
News Summary The Boston Housing Authority has urged landlords renting to Section 8 voucher holders to implement a rent freeze due to anticipated budget shortfalls.
News Summary Four cities from Massachusetts have been recognized in the U.S. News and World Report’s latest ranking of the Best Places to Live in
News Summary Massachusetts has recorded its largest population increase in six decades with a nearly 1% rise from 2023 to 2024, adding approximately 69,603 residents.
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