Boston Municipal Research Bureau

Bureau-Update

Boston News to Use . . .

* Time for BPS to reduce excess seating capacity to maximize use of limited resources as Charter seats expected to grow Full Article>
* MBTA Pacheco hold opens way for competition Full Article>

* Boston’s Pension System Struggles with 2014 Investments Full Article>

* Boston Retirement Board Approves 3% COLA Full Article>

* Sale of City-Owned Parcels for Housing Full Article>

* Proposed Five-Year Capital Plan Totals $1.8 Billion Full Article>

special-reort

Boston’s Taxable Value Surpasses $100 Billion

Boston’s fiscal 2015 taxable value has surpassed $100 billion for the first time in Boston’s history. Business property, especially commercial property, cross-subsidizes low residential tax rates. New growth at $44.5 million represents 50% of the total tax levy increase, demonstrating the importance of development to continued revenue growth for Boston. Full Report>