Boston City Council taking $1B budget gap warning seriously

Boston Herald

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Boston City Council taking $1B budget gap warning seriously

While the Wu administration has downplayed its findings, city councilors indicated that they’re taking seriously a watchdog report that points to a $1-billion-plus budget gap brought on by Boston’s eroding commercial tax base in five years. Citing concerns with the long-term impacts of vacant downtown office buildings on the city’s commercial tax base, which, along with residential property taxes, make up roughly three-fourths of annual budget r…