April 11, 2022

Wall Street Journal: Cities Look at Ways to Bolster Budgets

media mention

“Though magnitudes vary somewhat across cities, all face significant fiscal risks,” the Institute on Taxation and Economic Policy, a Washington, D.C., think tank, said in a November report that looked at the impact of remote working on property tax collections in eight cities.The report projected that prices for commercial real estate on average will fall between 12% and 25% in the medium to long term, according to its lead author Howard Chernick, an Institute board member and City University of New York economist. Read more