4 ms·
It's a classic story of special interests-- they're inherently more motivated than those championing the common good. There are incremental solutions towards t
by bufordsharkley 10y ago
It's a classic story of special interests-- they're inherently more motivated than those championing the common good.
There are incremental solutions towards this, such as "split level" property tax in which the rates for land can be shaded upward. Pennsylvania has had this for decades.
But when you implement them, plan to see the special interests make their case. For instance, a recent proposal to implement LVT in Hartford, CT:[0]
> "We do have an important parcel," said Cheryl Chase, general counsel at Hartford-based Chase Enterprises. "We are developers. If we think there is a project to be built, we would build it."
> Chase, which developed downtown's Gold Building and two other downtown skyscrapers in the 1970s and 1980s, owns the parking lot where the Parkview Hilton stood until it was demolished in 1990.
One would think 26 years would be quite enough time to find a suitable use for a valuable downtown parcel, but this parking lot owner disagrees...
[0] http://www.courant.com/community/hartford/hc-hartford-downtown-taxing-district-20161122-story.html http://www.courant.com/community/hartford/hc-hartford-downto...