Councilor Flynn’s Statement on Boston’s Long-Term Fiscal Issues
March 30, 2026
“Following reports since February of 2024 that estimated Boston would lose between $1.7 billion – $2.1 billion in revenue annually due to falling commercial property values, I advocated to exercise fiscal discipline and responsibility, implement a hiring freeze,
utilize our surplus revenue (over $1.1 billion at the time) and examine our dependence on the property tax (over 70%). Instead, we raised the budget 8%, hired over 300 employees, and committed $135 million to a professional soccer stadium,” said Councilor Flynn.
“With this fiscal crisis, over 70% dependence on property taxes, and over 50% of city land absorbed by large nonprofits or untaxable – it’s long past time for Boston to establish the Blue Ribbon Commission that my colleagues and I passed twice as a unanimous City
Council resolution.”
Maureen Dahill is the founder of Caught in Media. Once a longtime wardrobe and prop stylist for brands such as Rue La La, TJ Max & Hasbro, she is a devoted lover of vintage clothing, Martini Mondays, Castle Island, AND a 4th generation South Boston native. Mother of three, married to Peter G.
The rising sea level will bankrupt the city because the developers will be long gone and we will be stuck with the bill. No more building on the water.