Evan Horowitz, executive director of cSPA, says that it is too soon to gauge how much the millionaires tax in Massachusetts is impacting decisions by high-income households to move out of the state.
This article cites research from cSPA that projected declining office values could cumulatively drag Boston’s tax revenue as much as $1.5 billion below prior estimates over the next five years.
Evan Horowitz, director of cSPA, discusses the impact of Massachusetts' “millionaire’s tax,” noting “the net effect is still that the state has more revenue because of this tax than it would have otherwise.”
This opinion piece references a new collaborative report from cSPA that outlines the shortcomings of a proposed real estate transfer tax to help address housing shortages in Massachusetts.
Evan Horowitz, executive director of cSPA, says that it will be a couple of years before an analysis can assess the net impact of the millionaires tax in Massachusetts.