$2.5 billion. That’s the amount Boston will have to raise over the next decade to protect the city from climate change.
To help cover some of those costs, Governor Baker is proposing an increase to the real estate transfer tax, with funds allocated for climate resilience throughout the state.
That could be a good solution, but is it the most fair one? Should people buying and selling homes pay for climate resilience–or should the burden be spread out among all of us who use fossil fuels? The Sustainable Solutions Lab suggests that Massachusetts should look to other options, including a statewide carbon tax, to fund resilience. Read more here.
