#PropertyValues

With Boston projected to lose about $1.4 billion in commercial property tax revenue over the next five years, the city's new budget is less about growth and more about long-term stability.

Researchers are predicting revenue shortfalls for the City of Boston due to the collapse in office values. Boston’s budget continues to grow, making it crucial to understand how revenue will keep up.

A new Pioneer Institute study finds that while rent control can lower rental housing costs and help vulnerable tenants remain in their homes, it also carries steep long-term consequences—including reduced housing quality, lower property values, fewer new housing units, and higher rents for non-controlled apartments.