The City of Boston is working to modernize a payment in lieu of taxes program in a way that would yield higher contributions and compliance from its wealthy nonprofit sector, to address a budget crunch driven by declining commercial tax revenue.


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Originally Published: <time datetime="2024-08-27 05:44:15">August 27, 2024 at 5:44 a.m.</time>

The City of Boston is working to modernize a payment in lieu of taxes program in a way that would yield higher contributions and compliance from its wealthy nonprofit sector, to address a budget cr…{ai:summary}<p>Boston is updating its payment in lieu of taxes program to increase contributions from non-profit organizations. This change aims to alleviate budget issues caused by falling commercial tax revenues. </p><p>#economy</p>

Amid budget crunch, Boston Mayor Wu looking to squeeze higher PILOT payments from tax-exempt nonprofits

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