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 Risk of a global recession is minimal, IMF economist says — would take ‘a lot to derail’ READ MORE Recession seems almost certain with 19 states in trouble already, expert warns READ MORE The Office Meltdown Will Result in $1 Trillion of Losses, Says Real Estate Billionaire READ MORE Gold is shining ‘bright like a diamond’ and could hit $3,000, says Citi READ MORE Add a Comment Cancel replyYour email address will not be published.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