Economy

“NEW BEDFORD – Many have held the City’s ceremonial gold scissors at ribbon-cutting events over the years to celebrate the opening of businesses, parks, and schools. But for the first time in the City’s long and storied history, a robot did the honor of cutting the ribbon Thursday morning to celebrate the …

“BOSTON, MA – On Friday, Representative Antonio F. D. Cabral (D-New Bedford) joined his House andSenate colleagues in unanimously passing a $58 billion budget proposal for FY2025. This budget upholdsfiscal responsibility while delivering historic levels of targeted investments in education, regionaltransportation equity, workforce development and health care, among many other …

The median sale prices of both single-family homes and condos hit new all-time highs in Massachusetts last month, real estate market analysts said as a group of six Beacon Hill lawmakers attempts to produce a compromise housing production-inducing bill by the end of July. There were 4,441 single-family home sales …

Buying a home can bring a sense of joy, satisfaction, and accomplishment. But with rising prices in the local housing market combined with today’s uncertain economy, not everyone will have the opportunity to experience the excitement that comes with homeownership. This can be especially true when considering wealth differences in …

Michael P. Norton State House News Service Accountants continue to sound the alarm over high-income residents leaving Massachusetts, in part to avoid the new income surtax that even the CPAs acknowledge has led to a “surge” in state tax revenues. In its new 2024 public policy and competitiveness report, the …

Sam Drysdale State House News Service House Democrats will seek a vote this week on a bill that combines $6.2 billion in state borrowing and tax credits with policy reforms designed to unlock new housing production, including development of units on single-family lots. With sky-high sale prices and rents suffocating …

Colin A. Young State House News Service There were 3,100 single-family homes sold in Massachusetts last month, and while that number alone may not mean much to those still looking for an affordable home here it may represent a glimmer of hope — it was the largest year-over-year increase in …

“Mayor Jon Mitchell delivered his FY2025 budget proposal to the City Council Wednesday night. Did you know that about 75% of the total budget (the purple and red pie slices in the chart) are costs the City is legally mandated to pay, no matter what? That’s why we encourage everyone …

By Alison Kuznitz State House News Service State officials are planning to open an overflow shelter at a former Norfolk correctional facility next month that can accommodate about 140 families, a move from the Healey administration that drew frustration from a Republican lawmaker. The Bay State Correctional Center, a former …

By Colin A. Young State House News Service The signs of spring are all around: the days are getting warmer, baseball is back, and Massachusetts home prices are setting records as demand continues to significantly outpace the inventory of houses for sale. The real estate analysts at The Warren Group …