Urgent: Stop the Boston Tax Shift Bill - Tell Legislators to Vote NO on HD 5470!
Dear SPOA Members and Supporters:
There is a good chance that the Boston Tax Shift Bill may come up for a vote as early as next week, when the Massachusetts Legislature is expected to reconvene to pass an economic development bill. This Tax Shift Bill was filed last Monday as HD 5470.
We are worried about the effect this would have on small businesses in Boston and throughout Massachusetts, while eroding a key provision of Proposition 2 ½, which protects all of us from over-taxation.
Instead of trimming her budget for efficiency, Mayor Wu wants to impose a tax increase on Boston property owners when they can least afford it — especially owners in the commercial sector who are already struggling with empty buildings.
By exempting the tax safeguards established under Proposition 2 ½, other communities outside of Boston will likely rush to the legislature to ask for the same exemption. How soon will it be before Cambridge, Somerville, and other cities and towns demand the same deal? This poses a major threat to all property owners in our state, whether you own property in Boston or other places!
For more information about the negative impacts of this bill and the importance of preserving Proposition 2 ½ for the entire state, please refer to the article below from our November newsletter.
Protect Boston Property Owners by Holding the Line for Fiscal Sanity
Time is of the essence. Please contact your state representatives and state senators and tell them to vote NO on HD 5470! You can contact them by using the following link:
Sincerely,
Small Property Owners Association (SPOA)
