Bill > H4947

This bill aims to improve and modernize planning and community development in the city of Boston. The key provisions of the bill include: 1. Replacing the Boston Redevelopment Authority with a new Boston Planning Board, which will have all the powers and duties of the former authority and the Economic Development and Industrial Corporation of Boston. The board will be responsible for preparing and implementing plans to address issues of affordability, resiliency, and community development in the city. 2. Requiring the Planning Board to obtain approval from the mayor and the state's Executive Office of Housing and Livable Communities for any plans it develops before implementation. 3. Transferring all assets, liabilities, and personnel from the abolished Boston Redevelopment Authority and Economic Development and Industrial Corporation to the new Planning Board. 4. Allowing the city to exempt up to $30,000 in value of personal property from taxation, subject to approval by the city council. The bill is intended to provide the city with additional tools and powers to guide public and private investments, address issues of affordability and climate change, and promote equity and economic opportunity for all Boston residents and businesses.