Boston Mayor Michelle Wu’s musings on Monday about cracking the hood on a decades-old law limiting local property tax increases earned her some swift pushback from Republicans, who have accused her of trying to eliminate an important protection for homeowners.
Speaking to reporters after an appearance before the Greater Boston Chamber of Commerce, Wu suggested it might be time for the state to take another look at Proposition 2 1/2, which bars local governments from tax hikes in excess of 2.5%, without voter approval.
“Prop. 2-1/2 was put in place through significant pressure and advocacy from the business community against municipal government’s advocacy several decades ago,“ Wu said. ”And we, I think, are continuing to feel the strain in these economic times under that."
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