March 30, 2026
“Following reports since February of 2024 that estimated Boston would lose between $1.7 billion – $2.1 billion in revenue annually due to falling commercial property values, I advocated to exercise fiscal discipline and responsibility, implement a hiring freeze,
utilize our surplus revenue (over $1.1 billion at the time) and examine our dependence on the property tax (over 70%). Instead, we raised the budget 8%, hired over 300 employees, and committed $135 million to a professional soccer stadium,” said Councilor Flynn.
“With this fiscal crisis, over 70% dependence on property taxes, and over 50% of city land absorbed by large nonprofits or untaxable – it’s long past time for Boston to establish the Blue Ribbon Commission that my colleagues and I passed twice as a unanimous City
Council resolution.”
