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Property tax represents 72% of Boston's municipal revenue[0], and this initiative provides a property tax reduction of up to 75% for up to 29 years, so unfortu
by crmd 3y ago
Property tax represents 72% of Boston's municipal revenue[0], and this initiative provides a property tax reduction of up to 75% for up to 29 years, so unfortunately this initiative will not help with T funding.
[0]https://data.boston.gov/dataset/revenue-budget https://data.boston.gov/dataset/revenue-budget
- gbear605 3y agoIf it allows more people to move into the city and start working, that’s more income taxes that can go towards funding the T. Much of the T’s is at the state level anyway.
- ghaff 3y agoAlthough a lot of the the people who come into the city occasionally to work have no interest in actually living in the city.
- mkoubaa 3y agoI like to think that in a representative democracy, money finds its way to projects that the public find important
- cowsandmilk 3y agoSince the MBTA is a state agency primarily funded by sales tax, Boston’s budget is highly irrelevant to its funding. https://cdn.mbta.com/sites/default/files/2023-06/FY24%20Itemized%20Budget.pdf https://cdn.mbta.com/sites/default/files/2023-06/FY24%20Item...