Mayor Walsh said today he'll back a referendum on the November ballot to levy a surcharge on property taxes that could mean $16.5 million a year to help build affordable housing and spruce up and expand Boston parklands - plus additional matching funds from the state.
In a statement, Walsh said:
Our city is growing and thriving, but success has brought challenges-housing costs being one of the greatest. We've studied the impacts and benefits, and I believe the Community Preservation Act offers a balanced and timely strategy for helping Boston build affordable housing, invest in our parks, and preserve Boston's historic and inclusive character. I thank the City Council for taking this up, and look forward to working with them and our community partners in support of the Community Preservation Act.
The City Council is currently considering a proposal for a 1% surcharge that could go before voters this fall. Officials estimate that if voters approve, the average home's property tax would increase by $28 a year.