Boston Real Estate for Sale

As I mentioned last week, The Boston Foundation came out with a report on Boston and how its relationship with the Commonwealth adversely affects our quality of life, basically because we can’t control our own destiny and are dependent upon the state government for so much.

Here’s a chart for you:

 

This chart shows that Boston relies on the state (and other sources) to pay its bills, way more than other cities. Boston can only pay 27% of its bills from city-generated revenue. This means we need to be subservient to the state, lest we annoy them and end up getting less candy in our stockings.

(I’m not writing clearly right now, sorry.)

Here’s another chart. It compares how much Boston relies on the property tax to raise revenues, compared to six other cities in the US:

 

Other cities raise revenue in ways other than the property tax. The report’s authors say this is better, because it means the cities don’t have to punish homeowners, plus being less dependent on the property tax means the cities’ revenues aren’t subject to assessed value swings.

Or, something like that.

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Updated: 1st Quarter 2018

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