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Speaker 1: Statewide rent control could be on the ballot this November,

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Speaker 1: and a new study warns that could be a disaster

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Speaker 1: for local towns and cities.

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Speaker 2: So if it were to pass, the effects would be daunting.

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Speaker 1: That's Greg Vassal with the Greater Boston Real Estate Board,

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Speaker 1: which did the study with the Center for State Policy

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Speaker 1: Analysis at TOFTS. The key finding was that the ballot

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Speaker 1: question would cause a statewide collapse of property values up

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Speaker 1: to about twenty percent in some cities. Long term, the

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Speaker 1: report says that would mean way less money for towns

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Speaker 1: and cities.

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Speaker 2: Communities are going to have to really balance how much

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Speaker 2: do we raise our taxes and what do we need

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Speaker 2: to cut from municipal services.

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Speaker 1: According to the study, budgets and places like Chelsea and

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Speaker 1: Ever It could take the hardest hit. Advocates for the

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Speaker 1: ballot question argued corporate ownership of local homes has gone

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Speaker 1: too far, making life here nearly impossible. But Vassal says

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Speaker 1: city budgets are already strapped under Prop two and a half.

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Speaker 2: They're already cutting things now, it'll just get complicated.

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Speaker 1: Kyle Shaffele WBZ, Boston's news radio