Why a proposed tax on high-end real estate sales in Mass. appears doomed (again) (2024)

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Why a proposed tax on high-end real estate sales in Mass. appears doomed (again) (1)

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The skies should clear up in time for the 10th annual Donna Summer Disco Party at Boston City Hall Plaza. WBUR arts fellow Maddie Browning hasa full guide to the free dance party. But first, let's skate through some news:

The third time was not the charm:Boston’s push for a tax on high-end property sales once again looks poised to die on Beacon Hill. The Senate is teeing up its version of Gov. Maura Healey’s housing bond bill for a vote today. And likethe House’s version, the Senate bill also leaves outthe proposalto let cities and towns enact taxes of up to 2% on upper-echelon real estate transactions to fund local, affordable housing developments. The transfer fee option was backed by Healey, Boston Mayor Michelle Wu andmore than two dozenother communities. But business groupslobbied hard against itand now it looks destined for the same fate it metin 2022and 2020, when it wasfirst sent to Beacon Hillby then-Mayor Marty Walsh.

  • Why? State Sen. Lydia Edwards — whospearheaded the original transfer fee proposalas a Boston city councilor in 2019 — points to another local tax option:the Community Preservation Act. Passed in 2000, the program allowed communities to vote to raise local property taxes (and get state matching funds) to pay for affordable housing, historic preservation and open space. Butsome (including real estate forces opposed to the transfer tax) arguethe CPA has been underutilized when it comes to building more housing. “It has not been working as well as it should have,” Edwards said, noting the Senate’s bill includes $50 million in incentives for communities that spend CPA funds on housing. “Before we add an additional tax, we think it’s incumbent upon us to look at what we have already provided in tools,” Edwards said.
  • Now what? Wu says she’ll keep pushing for the transfer fee in Boston, noting federal COVID money that helped build more housing will soon “dry up.” The Senate bill also proposes several commissions (a Beacon Hill favorite) to study policies like the transfer fee. “This isn’t the end of any conversation when it comes to housing,” Edwards said. “But again, we have several commissions set up to have those conversations.”
  • Whatdidmake it into the Senate housing bill?Here’s a full breakdown, from new rules for broker’s fees (!) to ADUs to eviction sealing.

PSA:Need to see a doctor? Massachusetts health care officials are urging residents to considerurgent care centers for less-serious issues, rather than an emergency room. That’s because local ERs continue to struggle withincreasingly long waits and crowdingthat’s only expected to increase during the normally busy summer.

  • As an incentive, local health insurers, like Blue Cross Blue Shield,have agreedto reimburse members for most out-of-network urgent care center visits in eastern Massachusetts.

On campus:Harvard’s task forces on antisemitism and anti-Muslim bias is recommending the Ivy League school implement anti-bias training and clarify its bullying policies, per their first reports released yesterday. They found both Jewish and Muslim students — as well as those with pro-Israel or pro-Palestinian views — felt discriminated against on the Cambridge campus, following a year ofcontentious protests and counterprotestsover the war in Gaza.

Welcome to the team:With the final first-round pick of last night’s NBA draft, the Celtics selected Creighton sharpshooter Baylor Scheierman.Boston.comhasfive things to know about the 23-year-old.

Around New England:Rhode Island is the latest state to ban “captive hunting.” Gov. Dan McKeesigned a law yesterdaybanning the use of manmade or natural barriers intended to prevent animals from fleeing a confined area, such as private shooting preserves or game ranches.

  • Zoom out: More than half of U.S. states already have a full or partial ban on captive hunting,according to the Associated Press.

P.S.— Our Cognoscenti team asked what their readers and writers are hoping to hear duringtonight’s big debatebetween President Biden and Donald Trump.Check out all the responses here. And if you’re in the car or by a radio during the debate, WBUR will carry live special coverage.Tune inat 90.9 or on the WBUR App. For analysis and takeaways, hit upwbur.org.

WBUR Today: Boston’s Morning Newsletter

Nik DeCosta-Klipa Newsletter Editor
Nik DeCosta-Klipa is the newsletter editor for WBUR.

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Why a proposed tax on high-end real estate sales in Mass. appears doomed (again) (2024)
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