realestate

Senator Collins received significant real estate industry donations before opposing Wu's commercial property tax plan

South Boston Senator Raises $25,000 in Fund-Raisers from Real Estate, Hospitality Sectors.

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assachusetts state Senator Nick Collins has delayed a proposal by Boston Mayor Michelle Wu to increase commercial property tax rates, which would help soften the impact on homeowners. The plan aims to boost collections from commercial properties as office market values slump. However, it still needs final approval from the Legislature after passing the House but stalling in the Senate.

    Collins' move to delay the bill comes amid a fast-approaching deadline for Boston officials to send tax bills to businesses and residents by early January. Without action on the tax shift, homeowners could see their average tax bill climb 21 percent. Collins cited a need for final property valuation data before proceeding with the vote.

    Collins' decision has raised questions about potential connections between his actions and recent fund-raisers hosted by real estate developers in his district. One of these developers, COJE Management Group's Christopher Jamison, said there was "zero connection" between the event and Collins' opposition to the tax plan. However, critics argue that Collins' ties to the real estate industry could influence his stance on the issue.

    Collins is not the first lawmaker to try to slow down Wu's tax plan. Norwell Republican David DeCoste had previously delayed it in the House. As a member of Boston's Senate delegation, Collins carries significant weight on this issue, and legislative leaders often look to local elected officials for guidance on home-rule petitions.

    The real estate industry has been generous with donations to state and local politicians, including Collins. His district is filled with high-end commercial real estate projects, making him a natural recipient of the industry's support. Critics argue that this relationship could be mutually beneficial, with both parties finding it advantageous to stay close.

    Collins' public position on the tax plan has been somewhat elusive, and he recently avoided reporters after a session where senior advocates were lobbying in favor of the bill. However, he has since issued a statement and spoken with reporters outside his office, claiming that concerns about the plan have been raised "the whole time."

Senator Collins with real estate industry donors, opposing Wu's tax plan.