Matt Martinelli @mattmartinelli.bsky.social · 21/08/2025But after Chisholm’s first move was to cut payroll, will he really want his second move as owner to block the WNBA from moving to Boston? Seems like you’d really be tempting the fate of the basketball karma gods there. 6/6 000
Matt Martinelli @mattmartinelli.bsky.social · 21/08/2025The final piece is the Chisholm-Pags relationship. It’s no secret that things seemed tense publicly between Pags/Wyc. It’s obvious that Chisholm doesn’t have the $$ to also buy the Sun right now. Will he have the capital to pay $1B in 2032? Maybe. 5/6 100
Matt Martinelli @mattmartinelli.bsky.social · 21/08/2025Now, why would the league want to also depress team values? Because they’re in CBA negotiations and the players are asking for a cut of all franchise sales. Players do have ownership in the rival off-season league, Unrivaled. And they see these high valuations and want a cut. 4/6 100
Matt Martinelli @mattmartinelli.bsky.social · 21/08/2025But it’s important to note that even that TV deal underperformed expectations compared to the overperforming NBA deal. They were agreed to as a “package deal,” but what it really meant was the WNBA took a lower number so the NBA could reap the windfall. How? Because the NBA owns the WNBA. 3/6 110
Matt Martinelli @mattmartinelli.bsky.social · 21/08/2025The idea that because the league has struggled in the past financially that they need to proceed cautiously is pretty crazy. They have a huge TV deal coming that will make all the teams profitable, even with a new CBA. 2/6 100
Matt Martinelli @mattmartinelli.bsky.social · 21/08/2025The Globe had a few head-scratching stories today, but this one takes the cake. The league should probably update its outdated Talking Points that the Globe is parroting here. 1/6 110
Matt Martinelli @mattmartinelli.bsky.social · 06/08/2025Too soon to say. I’d be surprised if the NBA changes its position, but perhaps an overwhelming tide of public opinion, a push from the players union, and the bad optics of white billionaires holding back an American Indian tribe from cashing in could sway things. 010
Matt Martinelli @mattmartinelli.bsky.social · 05/08/2025If I were the players or fans, I’d be furious. This league has been continually forced to the side in favor of the NBA’s best interests (even arena dates, etc), and it’s not going to change for the better as long as the NBA is in charge. 5/5 0231
Matt Martinelli @mattmartinelli.bsky.social · 05/08/2025It’s not a coincidence that this is happening with the first franchise to not be owned by an NBA owner. It also happens to be the first WNBA franchise that turned a profit. They were good stewards during some tough times for the league, and now the league is strong-arming them. 4/5 1231
Matt Martinelli @mattmartinelli.bsky.social · 05/08/2025How does the NBA continue this beneficial cycle? By keeping the WNBA teams in the hands of NBA owners. If the Sun are sold to the Houston owner, and the Boston team goes to Chisholm in 2033, that’s two more NBA owners of WNBA teams. And the WNBA continues to get the short stick. 3/5 1141
Matt Martinelli @mattmartinelli.bsky.social · 05/08/2025The WNBA took a below-market TV deal last year because they partnered with the NBA as an add-on to their deal. To most observers, the WNBA undersold their rights while the NBA oversold its rights. So, the billionaire men profit in the NBA, while the WNBA rookies still make five-figure salaries. 2/5 1161
Matt Martinelli @mattmartinelli.bsky.social · 05/08/2025In case folks aren’t paying attention to it all, the league wants the Sun to go to an established NBA owner in Houston. And keep the Boston market in 2033 for the Celtics owner who right now doesn’t even have enough $$ to close the NBA deal, let alone get a WNBA team. Why? Money and control. 1/5 22411
Matt Martinelli @mattmartinelli.bsky.social · 07/05/2025Boston is stepping up with more than 900 affordable homeownership units approved and in the pipeline. But we can’t get shovels in the ground on them without help from the state’s Commonwealth Builder. If you care about fixing the housing crisis and stabilizing our communities, see below. 000
Reposted by Matt MartinelliCouncilor Brian Worrell (D-4) @brianworrell.bsky.social · 16/01/2025A $110M investment to unlock over 30,000 unbuilt housing units in Boston! This initiative expands homeownership opportunities, supports BHA mixed-income developments, and leverages state partnerships—all aimed at building generational wealth and strengthening our neighborhoods. #HousingForAll 173
Matt Martinelli @mattmartinelli.bsky.social · 09/01/2025This is troubling. Not to mention the truck pollution that this doesn’t solve. www.wgbh.org/news/local/2...wgbh.orgMassport drastically cut its initial plan to reduce cruise ship emissionsLast year, Massport announced a $60 million plan to build shore power for its growing cruise ship industry — a fraction of the cost of a plan filed earlier to the EPA. 011
Matt Martinelli @mattmartinelli.bsky.social · 24/12/2024And legislature had a chance to at least double the seniors tax exemption, but they let that languish too. 000
Matt Martinelli @mattmartinelli.bsky.social · 24/12/2024Yes - it’s a brutal gut punch to all homeowners, but especially seniors. The Senate had the option to give homeowners a break, but they didn’t. 7%+ tax hikes every year since FY19. It’s time to give the residents a break. And yes, many businesses would’ve still seen a decreased tax bill. 000
Matt Martinelli @mattmartinelli.bsky.social · 23/12/2024Again, the city is in strong fiscal health. Watch any of the 30+ budget hearings from this year with more than 100 hours of questions/testimony (Available on YouTube). It's illuminating and fully transparent - refreshing these days. 110
Matt Martinelli @mattmartinelli.bsky.social · 23/12/2024The real only fiscally troubling part of the budget is the runaway police OT. Now, whether the solution is contract reforms on court OT, more cops, dynamic shift scheduling, etc., your mileage may vary. But - clocking in at over $100M in FY24, police OT is the city's financial Achilles' heel. 110
Matt Martinelli @mattmartinelli.bsky.social · 23/12/2024I don't foresee a nine-figure surplus in FY25, but there will be a healthy one. The city budgets very conservatively. Again, this is in contrast to the state (and I don't blame the state as their revenue mix is so varied and volatile). 110
Matt Martinelli @mattmartinelli.bsky.social · 23/12/2024"The numbers don't lie," and thus saying the city needs to be "fiscally responsible" is bending the truth. Let's look at the numbers: $192M surplus in FY23. $282M surplus in non-property-tax revenue in FY24. We always have a surplus - and recently a nine-figure one. 110
Matt Martinelli @mattmartinelli.bsky.social · 23/12/2024Ultimately, however, it can't be paid for by ANY of the alternatives the Sen. calls for, it simply shifts the burden elsewhere. The tax shift was using rainy-day funds (free cash) for the small business grants, but it wouldn't (or maybe couldn't even) pass into that for the exemption. 110
Matt Martinelli @mattmartinelli.bsky.social · 23/12/2024The main fear would be that the landlords would pass the tax increase onto tenants. I don't think that would happen with corporate landlords (those apt buildings seem to set rents by a demand algorithim that wouldn't be affected by a tax increase). But I think small landlords might pass it down. 110
Matt Martinelli @mattmartinelli.bsky.social · 23/12/2024The increased exemption benefits the average homeowner about the same as the tax shift - but instead of increasing the burden onto the commercial sector, it increases it onto landlords. Not an awful idea - but a tough one to ram through in mid-Dec as you'd want some protections similar to tax shift. 110
Matt Martinelli @mattmartinelli.bsky.social · 23/12/2024Similar to a tax shift, the city needs a home-rule petition to increase the residential exemption to 40%. Because the Senate has been off for four months, that's not an easy option to pursue. I do think it's a good one to examine, but there are downsides (same as tax shift) and no guarantee to pass. 110
Matt Martinelli @mattmartinelli.bsky.social · 23/12/2024Boston's net state aid ($121M - tbf warped because of charter school $$) is low compared to the past two decades. Two decades ago, it accounted for nearly 30% of the city's revenue. That seems like a fair amount considering how much the state benefits from the city through income and sales tax. 110
Matt Martinelli @mattmartinelli.bsky.social · 23/12/2024"Small businesses would have suffered just as much, if not more" is wrong. The final compromise included an increase in small business grants and increase in personal property tax exemption. Those two parts would help small businesses and they are likely worse off without them. 110
Matt Martinelli @mattmartinelli.bsky.social · 23/12/2024The final legislation included a floor (41% tax burden) so that homeowners couldn't see too high of a tax drop. The initial measure (which only passed the Council with 8 votes) didn't have that and was indeed drastic. The compromise was far more measured. 111
Matt Martinelli @mattmartinelli.bsky.social · 23/12/2024If the biz tax shift passed, the res. rate would've been a 5% hike. Not 9% as written. It was a simple as that. If the legislation passed the Senate, homeowners would've seen a 5% hike (10% accelerated); thanks to the Senate blocking it, homeowners will see a 10.5% hike (21% accelerated). 111
Matt Martinelli @mattmartinelli.bsky.social · 23/12/2024"City officials escalated their rhetoric." Actually, they didn't. They revised it downward from the 33% accelerated to 28% accelerated. Additionally, the entire article conflates the accelerated with the normal tax rate. Again, both sides are guilty of doing this. 110
Matt Martinelli @mattmartinelli.bsky.social · 23/12/2024I’m surprised this ran with so many truth-bending statements. Ultimately, folks who have no municipal budget experience shouldn’t be meddling in city affairs. Why would Boston (AAA bond rating) take advice from the state (AA+)? www.bostonglobe.com/2024/12/23/o...bostonglobe.comWhy I opposed Mayor Wu’s tax proposal - The Boston GlobeNumbers don’t lie: Balance and fiscal responsibility are needed in Boston. 283
Matt Martinelli @mattmartinelli.bsky.social · 06/12/2024Maybe I’m in the minority, but the fiscal municipal system set up in the late 70s and 80s seems fairly great to me. I think we’ve seen the fruits of it in a 21st century where Mass and Boston soared economically for the first two decades. 000
Matt Martinelli @mattmartinelli.bsky.social · 06/12/2024Especially with (hopefully) many school projects coming, you’d want that AAA bond rating. 000
Matt Martinelli @mattmartinelli.bsky.social · 06/12/2024Why would the city jeopardize the AAA bond rating by not collecting the full levy? I would argue that if you have found some other highly stable revenue, implemented it, and found it to be similarly reliable, then you would be able to revisit bypassing the full levy. But not before. 210
Matt Martinelli @mattmartinelli.bsky.social · 06/12/2024Evan - The city has set its rates one way for 40 years, which has led to a AAA Bond rating. As opposed to the volatile way the state sets its rate, which has led to merely a AA+ bond rating, perennial mid year cuts, furloughs and other revenue shortfalls. 110
Matt Martinelli @mattmartinelli.bsky.social · 04/12/2024Sen. Collins: “Surplus funds should be directed toward residential tax relief, particularly for our seniors.” I think everyone is in agreement, so pass the HRP on the tax shift AND pass Boston’s other HRP that allows for the senior property tax exemption to be increased. 030
Matt Martinelli @mattmartinelli.bsky.social · 27/11/2024You can add Google to that list as their search changes in the past 5 years have been about keeping people on Google (and finding the answer there) rather than external links. 000
