Boston city councilors are considering whether to increase property taxes.
They're reviewing a proposal to add a 1 percent surcharge onto city property taxes — which would be part of the Community Preservation Act. That means the money would be used for affordable housing, open space, recreation and historic preservation.
City councilors held a hearing Tuesday about whether to put the proposed surcharge on this fall's ballot.
- "There’s been plenty of time to overcome initial misgivings that the law would chill the real estate market or harm large corporate property owners. Because the CPA also provides for a 30 percent state match for every dollar raised by local communities, some estimate that Boston has forgone as much as $300 million over the years."
- "In Massachusetts, this economic stratification that controls where people live and how they conduct their lives is being exacerbated by two big public policy measures we have put in place: Proposition 2½ and the Community Preservation Act."
- "All communities studied expressed a desire to create affordable housing for valued residents such as veterans, the elderly, teachers and policemen. However, only two of the five case study communities successfully created affordable housing projects to their satisfaction."
This segment aired on March 29, 2016.