BMRB Update
Boston’s FY21 recommended budget is before the City Council. Now is the time to explore the spending and revenue expectations
for FY21 during this unprecedented and continually evolving public health and economic crisis.
Strong growth in existing property value and even greater growth from new building construction and property tax status changes, have combined to increase Boston’s total taxable value by 7% in FY20.
Boston’s assessed property value hit a high of $164B, growing by $72.3B, or 78.4% since FY13. Part I of this five-part series provides an overview of trends in Boston over the last six years. How has economic growth and renewed interest in city living impacted Boston’s assessed property values?
Earlier this week, the Research Bureau provided comments at a Working Session on a City Council proposal to create a City Office of Inspector General (IG). This working session followed a November 7th City Council hearing at which the Research Bureau testified against the proposed ordinance.