Boston could face revenue shortfalls from empty office buildings

Boston could be facing a shortfall of more than a billion dollars over the next five years from lagging tax revenues, according to a new report from the Boston Policy Institute.

Commercial real estate values are falling due to office buildings remaining empty — a product of remote work and other factors keeping workers out of their office buildings — impacting commercial property taxes.

Evan Horowitz, executive director of the Center for State Policy Analysis at Tufts University who wrote the report, and WBUR senior business reporter Zeninjor Enwemeka join Radio Boston to discuss.